Investing.com - Salesforce.com (NYSE:CRM) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Salesforce.com announced earnings per share of $0.66 on revenue of $4.85B. Analysts polled by Investing.com anticipated EPS of $0.56 on revenue of $4.75B. That with comparison to EPS of $0.7 on revenue of $3.6B in the same period a year before.Salesforce.com had reported EPS of $0.75 on revenue of $4.51B in the previous quarter.Analysts are expecting EPS of $0.7 and revenue of $4.83B in the upcoming quarter.
Salesforce.com shares are up 11.71% from the beginning of the year and are trading at $175.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 3.53% year to date.
Salesforce.com shares lost 3.68% in after-hours trade the report.
Salesforce.com follows other major Technology sector earnings this month
Salesforce.com's report follows an earnings beat by Microsoft on Wednesday, January 29, 2020, who reported EPS of $1.51 on revenue of $36.91B, compared to forecasts EPS of $1.05 on revenue of $32,512M.
Apple had beat expectations on Tuesday, January 28, 2020 with first quarter EPS of $4.99 on revenue of $91.82B, compared to forecast for EPS of $4.54 on revenue of $88.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar