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Updated from 4:49 p.m. ET to include latest share prices, additional information on AIG and OmniVision Technologies.



) -- Shares of

(CRM) - Get, inc. Report

rose in late trades on Thursday after the cloud computing company cruised past Wall Street expectations for its fiscal fourth-quarter results.

San Francisco-based also gave its guidance for the current fiscal year, forecasting non-GAAP earnings of $1.58 to $1.62 a share on revenue ranging from $2.92 billion to $2.95 billion. The current average estimate of analysts polled by

Thomson Reuters

is for a profit of $1.62 a share on revenue of $2.91 billion.

For the three months ended Jan. 31, the company reported non-GAAP earnings of $61.6 million, or 43 cents a share, on revenue of $632 million, easily besting the consensus view for a profit of 40 cents a share on revenue of $624 million.

The stock was last quoted at $144.55, up 9.7%, on volume of more than 1.6 million, according to

. Based on Thursday's regular-session close at $131.77, the shares are up more than 25% so far in 2012 but still down 4.7% in the past year, peaking at $160.12 on July 19.

"'s 38% revenue growth in the fourth quarter was a spectacular finish to our fiscal year, a year in which we delivered 37% revenue growth and added nearly 2,500 employees, including nearly 2,000 in the U.S.," said Marc Benioff, the company's chairman and CEO, in a statement. "Given the strong customer response to the social enterprise, we're excited to raise our guidance today, which puts us on pace to exceed the $3 billion revenue run rate during FY13."

For the first quarter ending in April, the company expects non-GAAP earnings of 33 to 34 cents a share, which is slightly below the average analysts' estimate of 36 cents a share.

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TheStreet Recommends

The sell side was extremely bullish about ahead of the report with 31 of the 41 analysts covering the stock at strong buy (11) or buy (20), and the median 12-month price target at $150.

Bears will point to a lofty valuation thought with the stock trading at a forward price-to-earnings multiple of 81.3X vs. around 13X for the

S&P 500

, and 46X for

Rackspace Hosting


, another cloud computing name.

The company still sees strong topline growth for the current fiscal year with the high end of its guidance implying a 30% jump, but that would be down from the 37% increase it just delivered in the past year.

Check out TheStreet's quote page for for year-to-date share performance, analyst ratings, earnings estimates and much more.

Deckers Outdoor

A flat earnings outlook for fiscal 2012 weighed on shares of

Deckers Outdoor

(DECK) - Get Deckers Outdoor Corporation Report

in the extended session.

The fashion footwear company, which sells the popular UGG boot brand, said it expects its current year earnings to come in flat with its profit of $5.07 a share in 2011, despite a forecast for 15% revenue growth, because of an increase in sheepskin costs. The current estimate of analysts polled by

Thomson Reuters

is for a profit of $5.78 a share in the full year.

For its first quarter ending in March, Deckers sees a 50% drop from year-ago profit levels, reflecting "higher levels of fixed overhead for new retail stores, international infrastructure, and other general and administrative costs" as well as expenses related to an acquisition.

Shares of Deckers, which also topped Wall Street expectations for its fourth quarter ended in December and said its board has approved a $100 million buyback program, were last quoted at $80.46, down 10.8%, on volume of 1.3 million.

Check out TheStreet's quote page for Deckers Outdoor for year-to-date share performance, analyst ratings, earnings estimates and much more.

Another footwear company


(CROX) - Get Crocs, Inc. Report

was also getting trampled in late trades after the company forecast earnings of 24 to 26 cents a share for its fiscal first quarter on revenue of $263 million to $268 million.

The projection is well below the current average analysts' view for a profit of 30 cents a share on revenue of $268.7 million, and the stock was getting hammered, dropping 11.6% to $18.05 on volume of nearly 970,000, according to


Crocs shares have rallied mightily to start the year, soaring more than 36% so far in 2012, and the sell side was bullish ahead of the fourth-quarter report, which beat on the bottom line but fell short on the top, with 5 of the 7 analysts covering the stock at strong buy (2) and buy (3), and the 12-month median price target sitting at $26.

Also active in the extended session was


(AIG) - Get American International Group, Inc. Report

, whose shares surged 7.3% to $30.04 on volume of 1.4 million after the insurance and financial services giant reported fourth-quarter net income of $19.8 billion, boosted by a gain of $17.7 billion related to the release of a deferred tax asset valuation allowance; and

OmniVision Technologies


, whose stock jumped 12% to $18 on volume of more than 560,000 after the maker of image-sensor chips said it expects non-GAAP earnings of 15 to 28 cents a share in its fiscal fourth quarter ending in April with revenue seen ranging from $195 million to $215 million, better than the current consensus view for a profit of 10 cents a share on revenue of $170.7 million in the period.


Written by Michael Baron in New York.

>To contact the writer of this article, click here:

Michael Baron


Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.