Salesforce stock fell in premarket trading Thursday after the company released weaker-than-expected fiscal first-quarter results on Wednesday.
Salesforce shares fell 19% Thursday morning after the company released weaker-than-expected fiscal first-quarter results on Wednesday.
Despite the miss, many analysts are optimistic about how the company could benefit from its use of generative artificial intelligence.The cloud software vendor said revenue for the period increased 11% to $9.13 billion, which was shy of the $9.17 billion expected by analysts, according to LSEG.Salesforce expects second-quarter adjusted earnings per share of $2.34 to $2.36 on $9.2 billion to $9.25 billion in revenue. Analysts surveyed by LSEG were expecting $2.
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