Salesforce shares dip premarket on softer-than-expected guidance

Investing.com - Shares in Salesforce (NYSE: CRM) fell in premarket U.S. trading on Thursday after the software group unveiled a revenue outlook that disappointed analyst estimates.

Salesforce said it expects full-year 2026 adjusted earnings per share to be between $11.09 to $11.17 on revenue of $40.5 billion to $40.9 billion, compared with consensus expectations of $11.21 and $41.36 billion, respectively.

For the current quarter, adjusted per-share income is seen at $2.53 to $2.55, versus Wall Street projections of $2.62. Revenue of $9.71 billion to $9.76 billion was also below the $9.91 billion called for by analysts.

Salesforce’s stock price slipped by more than 4% prior to the market open. So far this year, it has shed roughly 7% of its value, versus a 1.5% uptick for the benchmark S&P 500.

Still, the firm, whose offerings include workplace communication service Slack and data visualization platform Tableau, reported higher-than-anticipated profit for the fourth quarter.

Adjusted earnings per diluted share -- which strip out one-time items -- came in at $2.78 for the three months ended on January 31, while revenue increased by 7.6% to $9.99 billion.

Analysts polled by Investing.com had called for per-share profit of $2.61 and sales of $10.04 billion.

Salesforce noted that it had secured 5,000 deals for Agentforce, its new product that uses artificial intelligence to help automate tasks like financial reporting and human resources management. Over 3,000 of these agreements are paid, Salesforce noted.

"Salesforce is very well positioned with respect to AI applications and agentic workflows with Agentforce," analysts at Citizens said in a note. They added that, although the business has seen its growth "slow significantly," Salesforce still offers "an attractive opportunity for long-term capital appreciation."

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