Investing.com - Salesforce.com (NYSE:CRM) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Salesforce.com announced earnings per share of $1.27 on revenue of $6.86B. Analysts polled by Investing.com anticipated EPS of $0.9219 on revenue of $6.8B.
Salesforce.com shares are up 28.25% from the beginning of the year and are trading at $270.00 , down-from-52-week-high.They are outperforming the Dow Jones which is up 12.67% from the start of the year.
Salesforce.com shares lost 5.40% in after-hours trade the report.
Salesforce.com follows other major Information Technology sector earnings this month
Salesforce.com's report follows an earnings beat by NVIDIA on Wednesday, November 17, 2021, who reported EPS of $1.17 on revenue of $7.1B, compared to forecasts EPS of $1.11 on revenue of $6.82B.
Cisco had beat expectations on Wednesday, November 17, 2021 with first quarter EPS of $0.82 on revenue of $12.9B, compared to forecast for EPS of $0.8042 on revenue of $12.98B.
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