5 Stocks Gaining Attention After Releasing Their Earnings Reports

1. salesforce.com, inc. (NYSE:CRM)

Number of Hedge Fund Holders: 119

Shares of salesforce.com, inc. (NYSE:CRM) fell nearly seven percent in the pre-market trading session on Wednesday, 1 December 2021. The drop came after the software company issued a weak financial outlook for its fiscal fourth-quarter along with its third-quarter results.

salesforce.com, inc. (NYSE:CRM) reported adjusted earnings of $1.27 per share, compared to $1.72 per share in the same period last year. Analysts were looking for earnings of 92 cents per share.

Revenue for the quarter jumped 27 percent on a year-over-year basis to $6.86 billion, just ahead of the consensus forecast of $6.8 billion. Revenue from subscription and support services advanced 25 percent versus last year to $6.38 billion, while professional services and other revenues climbed 45 percent to $0.48 billion in the quarter.

Looking forward, salesforce.com, inc. (NYSE:CRM) expects adjusted earnings in the range of 72 – 73 cents per share and revenue between $7.22 – $7.23 billion for the fourth quarter. The outlook missed the consensus forecast of 82 cents per share for earnings and $7.24 billion for revenue.

You can also take a peek at 10 Online Education Stocks to Buy and Top 10 Stock Picks of Brandon Osten’s Venator Capital Management.

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