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Salesforce.com Inc latest news:
Salesforce says Black Friday will be busiest online shopping day in U.S. history
Salesforce.com Inc. forecasts that this year's Black Friday will be the busiest online shopping day in U.S. history, beating Cyber Monday for the second consecutive year. The most popular time for e-commerce visits and orders is from 8pm to 10pm and, the company said in a Monday release, shoppers will have half of their shopping done by Dec. 3 and 80% done by Dec. 15. Orders placed on mobile phones will approach 40% on big shopping days like Black Friday, the company predicted, and 40% of millennials ages 18 to 36 are using voice-enabled assistants like Amazon.com Inc.'s Alexa and Apple Inc.'s Siri. Salesforce shares are about flat in premarket trading and up 38.7% for the year so far. The S&P 500 index is up 11.8% for 2017 so far.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Facebook signs huge office-space lease in San Francisco: report
Facebook Inc. has signed a huge office lease in San Francisco with room for 2,000 to 3,000 employees, the San Francisco Business Times reported Wednesday. The social media giant, which is headquartered 35 miles south in Menlo Park, will occupy 50 floors -- 436,000 square feet -- of a skyscraper that is still under construction. The 70-story tower at 181 Fremont is scheduled to open by the end of the year, and is close neighbors with the Salesforce Tower, now the city's tallest building. Facebook's office-space deal is reportedly the largest in San Francisco in the past three years. Facebook is the latest tech giant to make a significant footprint in San Francisco. Just this year, Salesforce.com Inc. , Amazon.com Inc. and Alphabet Inc.'s Google have signed office-space deals in the city.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Dow threatens to halt 2-session climb as U.S. stocks sink at the open
U.S. equity indexes opened lower Wednesday on renewed worries about U.S. trade relations and domestic policy, threatening to reverse the previous session's health gains. The S&P 500 index traded 0.3% lower at 2,444, while the Dow Jones Industrial Average was 0.4% down at 21,821. Meanwhile, the Nasdaq Composite Index declined 0.3% to 6,274 after ending producing the sharpest rise of the three major equity benchmarks in the previous session. Late Tuesday, President Donald Trump at a rally in Phoenix said he was willing to risk a government shutdown to ensure funding for the construction of a wall along the U.S.-Mexico border. In corporate news, Lowe's Cos. slipped 4.9% following weaker-than-expected earnings, while London-traded shares of advertising giant WPP PLC tumbled 10.4% as it cut its growth outlook. Salesforce.com Inc. dipped 0.8%, even after reporting better-than-expected earnings late Tuesday.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Salesforce.com profit beats estimates, shares drop after hours
- Salesforce.com Inc posted a quarterly profit that narrowly beat analysts' estimates as it invested heavily to fend off competition in the cloud-based software sector. Shares of the company fell 1 percent after the bell on Tuesday after closing at $92.95 on the New York Stock Exchange.
Salesforce beats on earnings and increases guidance, but stock falls
Salesforce.com Inc. produced better earnings than expected in its fiscal second quarter and increased its expectations for profit and revenue for the full year Tuesday, but shares still declined in late trading. The cloud-software company said that it had net income of $17.7 million, or 2 cents a share, on total revenue of $2.56 billion in the second quarter of its 2018 fiscal year, a sales increase of more than 25% from the year-ago quarter. After adjusting for stock-based compensation and other effects, the company claimed earnings of 33 cents a share, up from 24 cents a share a year ago. Analysts on average expected Salesforce to report adjusted earnings of 32 cents a share on sales of $2.52 billion, according to FactSet. The company raised its forecast for the full year, adding a penny to its profit projection to make it $1.29 to $1.31 a share and $100 million to its revenue guidance, which is now $10.35 billion to $10.4 billion. Salesforce stock dipped about 3% in late trading.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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