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.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. 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. The stock closed up 7.34% to $59.80. More than 24.3 million shares had changed hands, compared to the average volume of 4,882,760. 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 margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and generally higher debt management risk." You can view the full analysis from the report here: CRM Ratings Report CRM data by YCharts
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV