Salesforce on Wednesday reported mixed third-quarter results — a small sales miss and a huge earnings beat. Still, shares jumped higher in after-hours trading after the enterprise software giant raised its full-year outlook for both headline numbers. Revenue in its fiscal 2026 third quarter rose 8.6% year over year to $10.26 billion, missing expectations of $10.27 billion, according to LSEG. Adjusted earnings per share (EPS) increased 35% year over year to $3.25, beating the consensus estimate of $2.86, LSEG data showed. It also helped that investor expectations were low heading into the print. The stock entered Wednesday evening down about 28% year to date and has struggled to regain upward momentum amid lingering concerns that artificial intelligence will displace software. Shares popped
Salesforce's raised guidance lifts the stock but doesn't change our rating
CNBC1 hrs ago
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