Salesforce experienced a significant decline in its stock price following its Q1 earnings report for fiscal 2025. The company reported an earnings per share (EPS) of $2.44, which beat the estimate of $2.38. However, its revenue of $9.13 billion missed the expected $9.15 billion. Salesforce's guidance for Q2 and the full fiscal year was also below analyst expectations, contributing to a sharp drop in its stock price by nearly 20%, including a 14.5% plunge in after-hours trading and a 17% drop overall. This marks Salesforce's first revenue miss since 2006 and its first-ever single-digit growth outlook. The disappointing results have raised concerns about the company's future growth, particularly in the context of increasing competition in the AI sector. Salesforce is the 28th weighted company in the S&P 500. The broader tech sector also felt the impact, with stock futures sliding as a result.
Salesforce's quarterly revenue miss and weak guidance has sent shares plunging today, as the threat of AI looms over the cloud. Could it be a trend we're seeing across software, or might $CRM just be the wrong business model for the coming age of AI? @dee_bosa has the story https://t.co/1Y2cSFTo9V
Salesforce $CRM down 20% on earnings miss and lowered guidance. Is the #AI hype hurting Salesforce? ๐ค Some analysts say yes,but others see a buying opportunity. What do you think? @MXLESQ @ryanmastro5 on Rebel's Edge ๐ดโโ ๏ธ 1pm https://t.co/e0FcYzTUIC
Salesforce $CRM is on track for its biggest loss since July 21, 2004 https://t.co/CCpDgdLqxZ
LISTEN NOW: Scott Wapner and the investment committee discuss the tech sector and how to trade it with one committee member bailing on Salesforce, and another sticking with it. Listen and follow the @HalftimeReport podcast here: https://t.co/I1PNHn6kQl https://t.co/DHm2V9syK8
๐ Midday Movers: $CRM falls 20.5%, $KSS drops 25%, $HPQ surges 17%, $FL jumps 19.5%, $PATH sinks 35%, and more! $CRM $KSS $HPQ $FL $PATH $BBY $A $AI $BIRK $HRL $BURL $DG $NTNX $AEO https://t.co/XrPXLuI7wY
Salesforce Earnings Report and Sales Projections Not looking good as Stock Price Nose Dives #Salesforce #technologies #Stockprice #WallStreet #earnings #AI #business #Sales #Thursdaymood #FutureTech #Salesforceai #CRMSpaceinfo https://t.co/wKOs2Vr7cz
Stocks making the biggest moves midday: Salesforce, Kohl's, HP, Best Buy and more https://t.co/37MZdgdpPg
Salesforce plunges 21% after it reports its first revenue miss since 2006 https://t.co/Hho75kknFx
Investors and analysts may have had high expectations for Salesforce's $CRM revenue growth based on its historical performance. When the company reported a miss, it fell short of these expectations, leading to wiping out 5 years of Alpha today. https://t.co/gIo3ZroHaO
$CRM's biggest slide since 2008 comes after projecting the slowest quarterly sales growth in its history, renewing concerns that the company will be left behind in the artificial intelligence boom. https://t.co/il0n4he8n6 https://t.co/Q9wbf61qQV
The Dow Jones Industrial Average faltered Thursday thanks in large part to a massive selloff for software giant Salesforce. https://t.co/dL7tgJBwSu
โ ๏ธ JUST IN: *SALESFORCE PLUNGES OVER 20% AS GUIDANCE FALLS SHORT OF ESTIMATES $CRM https://t.co/xwaw4eKYAr
$CRM saw its first revenue miss since 2006. Is it part of a broader paradigm shift for software in the wake of the AI surge? @jimcramer, @davidfaber & @carlquintanilla dig into why there may be a structural change afoot for IT spending. https://t.co/ZsW6piGeSB
$CRM saw its first revenue miss since 2006. Is it part of a broader paradigm shift for software in the wake of the AI surge? @jimcramer, @davidfaber & @carlquintanilla discuss. https://t.co/Lww09KVEbt
The Dow Jones Industrial Average tumbled 375 points today following the release of negative jobless claims and GDP data. Additionally, Salesforce stock plummeted by 20% after disappointing earnings report. #DowJones #Salesforce #Economy $CRM $DOW
Dow Slumps 380 Points As Salesforce Stock Suffers Worst Loss Since 2008 https://t.co/RO6KrfTBhV https://t.co/7XiNsdbcU0
$CRM down the most since 2008 in a 24 hour period... https://t.co/ylLwl7Rc4O
$CRM set for the largest drop since 2008, per BBG https://t.co/4ESv774Hm9
Salesforce drops on first-ever single-digit sales growth outlook https://t.co/MULXjJQE2J ๐ป $CRM -19.60% https://t.co/OEwucRbLQH
Salesforce down 18% at open after it reported revenue for the first quarter of fiscal 2025 that missed analysts' estimates and offered weaker-than-expected guidance for the second quarter. It's one of the components dragging the DJIA lower.
JUST IN: Salesforce, $CRM, which was the 30th largest public company in the world yesterday, is now down almost 20%. $CRM has erased nearly $60 billion in market cap this week after posting its first revenue miss since 2006. The stock is now down 15% in 2024 and has erased allโฆ https://t.co/RTzvEorUSs
Salesforce plummets as weak forecast sparks concerns of AI competition https://t.co/UXdzAcRz4b https://t.co/lk04HGI6TS
Salesforce $CRM is down almost 19% in todayโs early trading following it earnings last night https://t.co/cJmUXVeTJ1
Salesforce factors heavily in 300-point Dow skid early Thursday โ live coverage https://t.co/iV7VUFRtGR
"This is kind of an environment where the enterprise space needs to invest heavily in AI," CFRA Research analyst @AngeloZino says on $CRM's disappointing guidance, adding: Salesforce "is looking at AI... as more of a headwind rather than a tailwind." https://t.co/MTE0m3JGGy
Salesforce is on pace to have its second-worst one-day reaction to earnings as a public company and just its 5th one-day decline of over 10%. $CRM https://t.co/fB22mTWwLT
$CRM -16.5% premarket.. could be its 3rd-worst session ever $DIA Shedding 290pts off Dow futures https://t.co/eSC76ChBZQ
Salesforce stock price plunge over tiny misses in revenue and earnings reads like a narrative failure versus a financial one. The company is forecasting under 10% growth for the first time ever and said deals are taking longer as companies scrutinize budgets. -16% is. excessive https://t.co/OVmWYkbwC9
Salesforce dips on weak forecast, sparking AI competition concerns. As GenAI innovation faces challenges, what's next in AI for tech giants like Salesforce? ๐ก๐ค #AI #Tech #Innovation @Salesforce https://t.co/dyk7qzKyZx
LISTEN NOW: Salesforce is set to shave 280 points from the Dow after posting its first revenue miss since 2006. Wedbush's Dan Ives explains. Listen and follow the @CNBCWEX podcast here: https://t.co/oxVXD9Sfaa https://t.co/PkGOSV1yNb
Some Overnight Earnings Movers: $CRM: (EPS beat, rev mis, Q2 guide light, raises EPS out, affirms rev, billings short) $PATH: (EPS, Rev beat, Q2 guide well short, cuts outlook; CEO transition) $AI: (EPS, Rev beat, Q2 guide ahead at midpoint) $HPQ: (EPS, Rev beat, Q3 guideโฆ
Futures dip, Salesforce $CRM forecast falls short of estimates - what's moving markets https://t.co/9STHMPJmlb https://t.co/MBXUPKszqC
Salesforce is forecasting its "first-ever single-digit" sales growth for Q2. People thought AI was going to boost profits for $CRM, but that doesn't seem to be the case yet. A lot of the focus by CIOs on AI seems to be coming at the expense of expansions at Salesforce. CEOโฆ https://t.co/7oquqAqugd https://t.co/d7GfBp46Nz
Salesforce down 16% AH after failing to mention AI enough times in its ER
Salesforce shares tumble as soft cloud demand hurts forecasts https://t.co/amsX4o65QB https://t.co/IbFpJzLryg
Salesforce shares tumble after-hours on first earnings miss since 2006 https://t.co/o5JPTfrfDc
Live news: Salesforce shares sink after weak profit guidance https://t.co/RVjhDUbrjN
Salesforce $CRM getting absolutely punished in after hours trading https://t.co/BzwMLVdXjk
Stock futures slide as Salesforce tumbles on revenue miss and soft guidance: Live updates https://t.co/C7sILW6ASj
๐ After-hours action: $CRM plunges 14% on revenue miss, $PATH tanks 30% with CEO resignation, $PS surges on earnings beat! $CRM $PATH $HPQ $PS $OKTA $CPRI $AI $AEO $A $NTNX https://t.co/uftLu8EXcv
Salesforce down 16% postmarket after giving it's first-ever single digit growth outlook. Lot of anxiety in software right now. $crm $wday $orcl https://t.co/mOMvQnHDTJ
LISTEN NOW: Breaking down Salesforceโs disappointing quarter as the stock sinks in Overtime; DA Davidsonโs Gil Luria on whatโs ahead for the Dow component. Listen and follow the @CNBCOvertime podcast here: https://t.co/PhvVUfPR0h https://t.co/q6aZAIfDTw
$CRM -17.40% in AHs trading after an EPS beat & revs miss and lackluster guidance. Salesforce is the 28th weighted company in the S&P 500
Salesforce getting pummeled (-$47, -17%) after reporting weak revenue growth and disappointing guidance. All too familiar occurrence with cloud software leaders (Workday & Service Now are other examples). Indicative of overall weak IT spending environment, ex-the GenAI FOMOโฆ
Shares of @salesforce fell sharply in overtime after reporting earnings. @DADavidsonCoโs @gilluria shares his take on the results. @MorganLBrennan #Earnings $CRM #Salesforce https://t.co/4bwejqLxwU
Salesforce $CRM Earnings Recap - A Mess... No Wonder They Tried to Hail-Mary a Deal Top-line will likely move lower yet again, 2Q EPS shortfall doesn't lend a lot of credence to the FY outlook. Stock -17% - a huge move for a name of this size. https://t.co/AHso3ikEMx https://t.co/Z7mpbgUnNx
Salesforce slumps in afterhours trading as guidance falls short of estimates https://t.co/uZWDbaUDON https://t.co/xva0MS5V5n
Salesforceโs earnings outlook comes in light, and the stock is tumbling https://t.co/PXrOy76ogR
Salesforce gave a sales outlook for the current quarter that missed estimates https://t.co/diilahr4jt
$CRM PLUNGES 14.5%
Salesforce beats by $0.07, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; guides FY25 EPS above consensus, reaffirms FY25 revs guidance $CRM
$CRM $PATH getting slaughtered after hours
$CRM down after hours on weak guidance - 2Q revenue outlook misses estimates - 1Q sales 9.13bn miss $9.147bn estimate - 1Q EPS 2.44 beats 2.38 estimate on cost cutting https://t.co/AFZ9BU9B2H
$CRM CRPO whiff at 10% vs. 11% guide and exps of a okay beat; q2 revs guided light; maintains F'25 guide
$CRM EPS BEAT REV MISS ๐จ EPS of $2.44 a beat of 6c Rev Miss -- Rev $9.13B .. Exp $9.15B Guide LOWER๐ฎ๐ฎ https://t.co/5y4mgyWlFG
$CRM EPS Beat .06 REV Miss Small guide down
Salesforce $CRM Time: 4:00 PM ET EPS Estimate: $2.38 Revenue Estimate: $9.14B Implied Move: 6.5% https://t.co/oCWRo9nqGV, Inc. $AI Time: 4:05 PM ET EPS Estimate: -$0.30 Revenue Estimate: $82.72M Implied Move: 10.4% UiPath, Inc. $PATH Time: 4:05 PM ET EPS Estimate: $0.12 Revenueโฆ
LISTEN NOW: Scott Wapner and the investment committee discuss the continued tech rally as Apple and Nvidia push the Nasdaq to new highs. Listen and follow the @HalftimeReport podcast here: https://t.co/I1PNHn6kQl https://t.co/kllozJYtQU