Salesforce (CRM) reported better-than-expected third-quarter earnings. The company reported adjusted earnings of $2.11 per share, well above the $2.06 estimate. Revenue of $8.72 billion just barely topped Wall Street expectations of $8.71 billion. Salesforce also issued fourth quarter adjusted earnings guidance of $2.25 to $2.26 per share, compared to an estimate of $2.17. Essex Investment Management Co-CEO Nancy Prial says the company is showing progress on expanding its offerings and raising prices. Prial also notes Salesforce is at "the very beginnings of their entry into really using AI technology and using generative AI to allow their customers to really monetize and get a lot more value out of all of the data that's embedded in their CRM systems." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Salesforce (CRM) reported better-than-expected third-quarter earnings. The company reported adjusted earnings of $2.11 per share, well above the $2.06 estimate. Revenue of $8.72 billion just barely topped Wall Street expectations of $8.71 billion. Salesforce also issued fourth quarter adjusted earnings guidance of $2.25 to $2.26 per share, compared to an estimate of $2.17.
Essex Investment Management Co-CEO Nancy Prial says the company is showing progress on expanding its offerings and raising prices. Prial also notes Salesforce is at "the very beginnings of their entry into really using AI technology and using generative AI to allow their customers to really monetize and get a lot more value out of all of the data that's embedded in their CRM systems."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Bloomberg
(Bloomberg) -- Snowflake Inc. gave a product sales outlook for the current quarter that beat expectations, fueling hope that revenue has stabilized after the software maker experienced a dramatic slowdown in growth during the past year.Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Bill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterBond Yields Fall on Signs Fed Is in ‘Sweet Spot’: Market
Benzinga
In the rapidly evolving landscape of electric vehicle (EV) technology, a new player is emerging as a formidable challenger to Tesla Inc.’s dominance. QuantumScape, a Silicon Valley-based startup, is revolutionizing the EV battery market with its cutting-edge solid-state batteries. The batteries are touted to have triple the energy density of Tesla’s lithium-ion cells, significantly faster charging times and a safer, more sustainable design. QuantumScape’s leap into the future is marked by its in
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