Salesforce (CRM) Stock Soars on Impressive Q3 Earnings Results (CRM) just released its third-quarter earnings results, posting adjusted earnings of $0.03 per share and revenue of $2.14 billion.

CRM was up 5.31% to $79.18 in after-hours trading shortly after its earnings report was released.

Currently, CRM has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.


Matched earnings estimates . The company posted adjusted earnings of $0.03 cents per share (excluding eight cents from non-recurring items), matching our Zacks Consensus Estimate of $0.03. In its report, Salesforce reported a GAAP loss of 5 cents per share and a non-GAAP profit of 24 cents per share. Analysts expected non-GAAP earnings of 21 cents per share, which makes today's results an earnings beat by some definitions.

Beat revenue estimates . The company saw revenue figures of $2.14 billion, beating our estimate of $2.12 billion.

Cash generated from operations was $154 million, a decrease of 5% year-over-year. Total cash, cash equivalents and marketable securities came in at $1.75 billion.

Fourth-quarter revenue is expected to be approximately $2.267 billion to $2.277 billion, while GAAP loss per share is projected to be ($0.10) to ($0.09), and non-GAAP diluted EPS is projected to be $0.24 to $0.25.

"Salesforce delivered an exceptional quarter with year-over-year revenue growth of 25% in dollars and 27% in constant currency, said Salesforce CEO Marc Benioff.

Here's a graph that looks at Salesforce's recent earnings performance:

SALESFORCE.COM Price, Consensus and EPS Surprise

SALESFORCE.COM Price, Consensus and EPS Surprise | SALESFORCE.COM Quote is the market and technology leader in on-demand business services. The company's Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The Salesforce Platform, the world's first on- demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise.

Check back later for our full analysis onSalesforce's quarterly earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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