Salesforce reported third-quarter earnings that missed estimates amid a one-time investment loss, while revenue and a key metric came in above expectations. Salesforce appears to be gaining traction with new artificial intelligence products, analysts said.
The October-quarter Salesforce earnings report was released after the market close on Tuesday. Salesforce earnings were $2.41 per share on an adjusted basis, including a 18-cent loss on investments.
Operating margin came in at 33.1%, topping estimates of 32.2%. Net income rose 25% to $1.5 billion, topping views.

Salesforce shares were up 9% after the company’s fiscal third-quarter earnings report showed revenue and fiscal fourth-quarter guidance that exceeded analysts’ expectations.
The company’s revenue grew 8% year over year during the quarter, which ended Oct. 31. Its net income was $1.5 billion in the quarter, up 25% from $1.2 billion a year ago.
Salesforce said it expects fiscal fourth-quarter sales of between $9.9 billion and $10.10 billion. Analysts were projecting $10.05 billion in fourth-quarter sales.

The company’s revenue grew 8% year over year during the fiscal third quarter, which ended Oct. 31. Its net income was $1.5 billion in the quarter, up 25% from $1.2 billion a year ago.
Salesforce said it is expecting fiscal fourth-quarter sales of between $9.90 billion and $10.10 billion. Analysts were projecting $10.05 billion in fourth-quarter sales.
The company said it expects earnings per share of between $2.57 and $2.62 in the fourth quarter, compared with analysts’ expectations of $2.65.

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