Salesforce and CrowdStrike Beat Wall Street Expectations
- August 30th, 2023
- 308 views
Salesforce, Inc. (NYSE: CRM), a prominent customer relationship management company, reported second-quarter fiscal 2024 earnings of $2.12 per share, surpassing the consensus EPS estimate of $1.90. The company's quarterly sales reached $8.60 billion, slightly exceeding analysts' projected revenue of $8.52 billion.
Salesforce raised its full-year fiscal 2024 adjusted EPS guidance to the range of $8.04 to $8.06 from the prior range of $7.41 to $7.43, compared to the consensus EPS estimate of $7.45.
$CRM was trading at $227.00 in after-hours, showing an increase of $11.96 (+5.56%).
In other news, CrowdStrike Holdings, Inc. (Nasdaq: CRWD), a cybersecurity technology company, announced second-quarter fiscal 2024 earnings of $0.74 per share, beating the consensus EPS estimate of $0.56. The company's quarterly revenues amounted to $731.63 million, slightly ahead of analysts' expected revenue of $724.13 million.
For Q3 fiscal 2024, CrowdStrike expects revenue to be in the range of $775.4 million to $778.0 million, with an EPS of $0.74, while analysts were forecasting an EPS of $0.60 on revenue of $773.97 million for the period.
In after-hours, $CRWD was trading at $151.75, up $2.57 (+1.72%)
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