Investing.com - Salesforce.com (NYSE:CRM) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.61 on revenue of $3.39B. Analysts polled by Investing.com expected EPS of $0.5 on revenue of $3.37B. That compared to EPS of $0.39 on revenue of $2.68B in the same period a year earlier. The company had reported EPS of $0.71 on revenue of $3.28B in the previous quarter.
For the year, Salesforce.com shares are up 24.76%, outperforming the S&P 500 which is down 0.06% year to date.
Salesforce.com follows other major Technology sector earnings this month
On November 1, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.
Facebook earnings beat analyst's expectations on October 30, with third quarter EPS of $1.76 on revenue of $13.73B. Investing.com analysts expected EPS of $1.46 on revenue of $13.77B
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