Why Salesforce Stock Fell 8.5% This Morning

Shares of Salesforce (NYSE: CRM) took a significant hit on Thursday. Following the company's release of second-quarter results, the stock fell as much as 8.5% in the morning session. By 11:30 a.m. ET today, Salesforce had recovered to a 5.7% overnight price drop.Image source: Getty Images.Wall Street's average analyst had expected second-quarter earnings to rise about 8.6% year over year, landing near $2.78 per share. Revenue was targeted at roughly $10.1 billion, reflecting an 8.7% increase. The enterprise software giant exceeded the consensus analyst targets across the board, posting earnings of $2.91 per share on sales of $10.2 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool