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Salesforce (CRM) Dips on Guidance, Rebounds on AI Strength
Salesforce (CRM) Dips on Guidance, Rebounds on AI Strength
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BTCCSquare news:
Salesforce shares tumbled 7% post-Q2 earnings as soft Q3 guidance overshadowed robust results. The stock swiftly recovered losses, now trading just $4 below pre-report levels—a testament to its resilience in enterprise software.
Q2 earnings of $2.91/share beat estimates by $0.13, with revenue hitting $10.2B. Despite 19 earnings beats in 20 quarters, CRM has decoupled from S&P 500 performance since June.
The rebound highlights Salesforce's 'roly-poly' market reputation and underscores investor confidence in its AI strategy. Valuation remains attractive for long-term positions.
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