Salesforce.com Quarterly Sales, Profit May Miss Estimates
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Salesforce.com Inc. forecast fiscal fourth-quarter sales and profit and 2016 revenue that may miss analysts’ estimates amid a slowdown in corporate spending on the company’s software and services.
Sales in the period that ends in January will be $1.436 billion to $1.441 billion, the San Francisco-based company said yesterday in a statement. Profit, excluding some costs, will be 13 cents to 14 cents a share. Analysts had projected revenue of $1.45 billion and profit of 15 cents, according to the average of estimates compiled by Bloomberg.