Salesforce saw shares rise in afterhours trading after reporting better-than-expected earnings and providing a favorable financial outlook.

Closing Bell

Salesforce Shares Up in Afterhours Trading After Topping Earnings Estimates

Welcome back to closing balance. Better news everyone take a look at salesforce stock in the after hours. The stock popping double digits up nearly 14% after exceeding expectations in the latest quarter and providing better than expected current quarter and full year earnings guidance. So as you see there for the fourth quarter, the company reporting earnings per share of a dollar and 68 cents exceeding expectations of a dollar and 36 cents revenue also coming in past expectations at 8.4 billion. Well, the company obviously in an optimistic mood here because with that current quarter and full year earnings outlook above expectations. We did get some notes from Amy weaver, the president and CFO of the company, saying quote, our relentless focus on execution and proactive management of the current environment allowed us to close out a strong quarter and set us up for a transformational fiscal 2024. So even the revenue guidance for the full year, um, exceeding expectations. And investors rewarding the stock again that stock up, I see about 14.5% now in the after hours