Why Salesforce Stock Was Falling Today
Shares of Salesforce (NYSE: CRM) were down 6.4% as of 11:38 a.m. ET on Thursday after posting earnings results for the second quarter. Year to date, the stock is down 33%.
The No. 1 customer relationship management platform reported revenue growth consistent with historical trends. But guidance came in softer than investors expected, which might have weighed on the stock's performance today.
The second-quarter numbers were solid. Revenue grew 26% year over year on a constant-currency basis. This is consistent with the level of growth Salesforce has reported over the last decade, but investors saw some warning signs of a slowdown in on the horizon.
Source Fool.com
