Salesforce Shares Plunge on Weak Forecast and Revenue Miss
TL;DR Summary
U.S. futures dipped on Thursday amid concerns over weak Treasury sales and potential Federal Reserve interest rate cuts. Salesforce shares fell after its second-quarter forecast missed estimates, while activist investor Nelson Peltz sold his Disney stake following a failed proxy battle. UBS reshuffled its leadership team, and crude prices declined despite a significant draw in U.S. oil inventories.
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- Salesforce shares plunge 16% on first revenue miss since 2006 CNBC
- Salesforce Set to Fall on Slowing Sales Growth Forecast Bloomberg
- Salesforce Stock: Salesforce Earnings Beat, Revenue Light. Weak Guidance Sparks Sell-Off. Investor's Business Daily
- Salesforce plummets as weak forecast sparks concern of AI competition Yahoo! Voices
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