Salesforce jumps after hours as fiscal 2019 guidance beats estimates

Salesforce jumps after hours as fiscal 2019 guidance beats estimates

7 years ago
Anonymous $ZOEEBQ1zf0

https://www.cnbc.com/2017/11/06/salesforce-fy19-2019-guidance-pushes-stock-up.html

Salesforce stock rose 2.5 percent after hours on Monday after the company disclosed guidance for its 2019 fiscal year for the first time. The guidance suggests the company could post revenue growth of up to 20 percent.

In a statement the company said it would bring in $12.45 billion to $12.5 billion in revenue for the fiscal year, which will end on Jan. 31, 2019. According to FactSet, analysts estimated an average of $12.46 billion in revenue for the period, which falls at the lower end of the guidance range.