MW Salesforce stock slides as full-year forecast comes up short
By Bill Peters
Company reports earnings as it banks more on artificial-intelligence 'agents' that can perform digital labor for humans
Shares of Salesforce Inc. fell after hours on Wednesday after the customer- and workplace-analytics platform's full-year outlook came in below expectations.
The company, whose software helps brings together consumer data for company sales departments, said it expects sales of $40.5 billion to $40.9 billion for the fiscal year ahead, which concludes at the end of January. Analysts polled by FactSet expected $41.37 billion.
Over that period, Salesforce said it expects adjusted earnings per share of $11.09 to $11.17, compared with Wall Street estimates for $11.20.
Shares $(CRM)$ fell 4.2% after hours on Wednesday.
The company reported earnings as it banks more on artificial-intelligence "agents" that can perform digital labor for humans, amid some concerns about the costs and the payoff.
This is a developing story. Check back for updates.
-Bill Peters
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(END) Dow Jones Newswires
February 26, 2025 16:13 ET (21:13 GMT)
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