Salesforce Stock Falls After Q3 Earnings: Analysts React to Conservative Guidance, Mulesoft Headwinds

Salesforce Stock Falls After Q3 Earnings: Analysts React to Conservative Guidance, Mulesoft Headwinds
The company logo for Salesforce.com is displayed on the Salesforce Tower in New York on March 7, 2019. Brendan McDermid/Reuters
Benzinga
Updated:

Salesforce.com Inc. shares fell Wednesday after the company missed expectations with its fourth-quarter guidance.

Salesforce reported third-quarter adjusted earnings per share (EPS) of $1.27 on revenue of $6.86 billion. Both numbers exceeded consensus analyst estimates of 92 cents and $6.8 billion, respectively. Revenue was up 27 percent from a year ago.