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Salesforce lower after reporting earnings

Salesforce reported an adjusted EPS of $1.48, handily beating Street estimates of an adjusted EPS of 75 cents/ share. Yahoo Finance's Jared Blikre joined Yahoo FInance Live to break down the other key metrics.

Video Transcript

ADAM SHAPIRO: We also want to get the update on Salesforce, which is trading down after hours. Jared, what did they report?

JARED BLIKRE: Yeah, down about 1%. Numbers looking pretty good here and let's get straight to them. Seeing adjusted EPS coming in at $0.28-- excuse me, coming at $1.04. The expectation was much lower at $0.75 per share. On a GAAP basis, a huge beat. They came in at $0.28 per share. The Street was expecting $0.06 per share. On the topline revenue number, another beat by about 2% here coming in at $5.817 billion. The Street said $5.68 would have been good enough, so nice beat there as well.

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And we got some outlook, not only for the first quarter but the full year. So for the first quarter, looking for revenue of $5.88 billion to $5.89 billion. And for full year revenue, looking for $25.7 billion to $25.75 billion. Also seeing a full year loss per share of $0.44 to $0.42. And also, full year EPS target, $3.39 on adjusted basis, also looking for that up to $3.41.

Overall, not bad metrics here. I do have a quote from Marc Benioff in the notes. "We never could have predicted a year ago what was in store, which makes me incredibly proud of how we pivoted our company to adapt to this pandemic world. We had a record quarter and year by innovating more and faster than ever." Just looking at the stock now, still down about 1.43%. Just looking at what it's done over the trailing year you can see it's still up 27%, but largely going sideways and kind of choppy over the last few months, guys.