What to Watch Wednesday: Salesforce Earnings, ADP Employment Report

On Wednesday, August 31, investors await quarterly results from Salesforce.com and a key data point tracking private payrolls.
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On Wednesday, August 31, investors await quarterly results from Salesforce.com (CRM) - Get Report and a key data point tracking private payrolls. Analysts expect Salesforce to report earnings of $0.22 a share on revenue of $2.02 billion. During the same quarter a year ago, the company reported profit of $0.19 a share with revenue of $1.63 billion. Cloud company Box Inc. (BOX) - Get Report and wine and spirits company Brown-Forman (BF.B) also release quarterly results on Wednesday. On the economic calendar, the ADP Employment Report, which tracks private payrolls, is released at 8:30 a.m. Eastern. The pending home sales index is released at 10am, while the EIA Petroleum Status Report is out at 10:30am. TheStreet's Scott Gamm reports from Wall Street.