Salesforce stock fell in premarket trading Thursday after the company released weaker-than-expected fiscal first-quarter results on Wednesday.
Salesforce shares fell in premarket trading Thursday 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.Marc Benioff, co-chief executive officer of Salesforce.com Inc., speaks during a Bloomberg Television interview at the 2022 Dreamforce conference in San Francisco, California, US, on Thursday, Sept. 22, 2022. Benioff shared his excitement over data indicating a decrease in San Francisco's total homeless population.
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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