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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.

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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.

Image: Saleforce