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Salesforce.com (CRM) Stock Falls in After-Hours Trading Despite Earnings Beat

NEW YORK (TheStreet) -- Salesforce.com (CRM - Get Report) fell in after-hours trading Thursday despite the company's second-quarter earnings that beat analysts' expectations.

Salesforce.com reported adjusted earnings of 13 cents a share on revenue of $1.32 billion. The consensus estimate had called for EPS of 12 cents on revenue of $1.29 billion.

The company also issued guidance for the third quarter and full year. For the third quarter, Salesforce.com expects adjusted EPS of 12 cents to 13 cents on revenue of $1.365 billion to $1.37 billion. Analysts expect EPS of 13 cents on revenue of $1.37 billion. For the full year, the company expects adjusted EPS of 50 cents to 52 cents on revenue of $5.34 to $5.37 billion, while the consensus estimate calls for EPS of 51 cents on revenue of $5.34 billion.

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The stock was down 0.66% to $55.34 in after-hours trading.

Separately, TheStreet Ratings team rates SALESFORCE.COM INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate SALESFORCE.COM INC (CRM) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit."

You can view the full analysis from the report here: CRM Ratings Report

CRM Chart CRM data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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