Salesforce FYQ2 On Tap: Street Looks to a ‘Modest Beat’

Barron’s, By Tiernan Ray | August 20th, 2015 (Read article)

Shares of Salesforce.com (CRM) are down $1.45, or 2%, at $70.59, along with the broad weakness in the major averages, ahead of the company’s fiscal Q2 report this afternoon, after the closing bell.

Analysts are, on average, modeling $1.598 billion in revenue and 18 cents in earnings per share for the three months ending in July.

The company’s own forecast was for $1.59 billion to $1.6 billion, and 17 cents to 18 cents.

The Street is going to be looking at the relative results of two reporting segments, “Service Cloud” and “Sales Cloud.” Margins are also under scrutiny.

But the overall tone seems to be that the business was quite healthy during the quarter.

2016-10-23T23:30:20+00:00