Salesforce Stock Rises Ahead of Quarterly Results
Shares in Salesforce rose ahead of the business software company’s quarterly earnings, which are set for release after the close.
Tweet on Salesforce share fluctuation
@Salesforce shares rose ahead of the business software company’s quarterly earnings, which are set for release after the close, via @FactSet #saleforce #digital #commerce pic.twitter.com/P4wxfQpo41
— The_Journalbiz (@the_journalbiz) November 29, 2023
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Salesforce stock was recently up more than 2%. The shares were up 70% in 2023 through Tuesday’s close, aided by a boosted outlook for profitability released earlier this year that was driven by an efficiency push.
Here’s a roundup of some high-level Wall Street expectations, according to FactSet.
The estimates are close to Salesforce’s own guidance.
- Revenue of $8.72 billion
- Net income of $2.03 billion
- Earnings of $2.05 a share
Salesforce is a component of the Dow Jones Industrial Average—the index’s best-performing component this year, in fact. The stock is on pace for its best year since 2010.
