Is Salesforce Stock a Buy?
Salesforce's (NYSE: CRM) stock fell 6% during after-hours trading on Nov. 30 after the cloud services company posted its third-quarter numbers. Its revenue rose 27% year-over-year to $6.9 billion, which crushed estimates by $60 million. Its adjusted net income declined 27% to $1.3 billion, or $1.27 per share, yet it still beat expectations by $0.35.
Those headline numbers look decent, but Salesforce's guidance was a bit bumpy. Let's review Salesforce's quarter, its outlook, and whether or not its post-earnings dip represents a good buying opportunity.
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Source Fool.com
