Investing.com - Salesforce.com (NYSE:CRM) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Salesforce.com announced earnings per share of $1.27 on revenue of $6.86B. Analysts polled by Investing.com anticipated EPS of $0.9219 on revenue of $6.8B.
Salesforce.com shares are up 28.25% from the beginning of the year and are trading at $270.00 , down-from-52-week-high.They are outperforming the Dow Jones which is up 12.67% from the start of the year.
Salesforce.com shares lost 5.40% in after-hours trade the report.
Salesforce.com follows other major Information Technology sector earnings this month
Salesforce.com's report follows an earnings beat by NVIDIA on November 17, who reported EPS of $1.17 on revenue of $7.1B, compared to forecasts EPS of $1.11 on revenue of $6.82B.
Cisco had beat expectations on November 17 with first quarter EPS of $0.82 on revenue of $12.9B, compared to forecast for EPS of $0.8042 on revenue of $12.98B.
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