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Salesforce shares tumble 18%, on pace for worst day since 2008

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Salesforce stock fell in premarket trading Thursday after the company released weaker-than-expected fiscal first-quarter results on Wednesday.

Salesforce shares fell 18% Thursday morning after the company released weaker-than-expected fiscal first-quarter results on Wednesday.

Despite the miss, many analysts are optimistic about how the company could benefit from its use of generative artificial intelligence.first-quarter results Salesforce expects second-quarter adjusted earnings per share of $2.34 to $2.36 on $9.2 billion to $9.25 billion in revenue. Analysts surveyed by LSEG were expecting $2.40 in adjusted earnings per share on $9.37 billion in revenue.

 

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Salesforce shares tumble 17%, on pace for worst day since 2008Salesforce stock fell in premarket trading Thursday after the company released weaker-than-expected fiscal first-quarter results on Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »