Earnings Recap – March 1st
Salesforce.com
Salesforce, the cloud company, reported their fourth quarter earnings after the market closed. They saw a loss of 3 cents per share, but revenue rose by 26 percent to $7.33 billion. Investors were pleased to see that the acquisition of Slack is starting to pan out well for Salesforce, sending their share prices higher. Â
Target
Target also announced their fourth quarter earnings on Tuesday, and the holiday season was positive for them. Store traffic increased by 8.1%, leading to a 9.4% increase in revenue year over year to $31 billion. Along with that, earnings per share increased by 19 percent to $3.19, crushing Wall Street expectations. Target warned about this upcoming quarter, but nonetheless it was a positive earnings report that made investors happy.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.