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Salesforce.com Inc. (CRM) Is Down Despite Better Than Expected Q2 Report

Salesforce.com Inc. (CRM) reported second quarter EPS of $0.33 after the bell Tuesday, up from $0.24 in the previous year. The consensus estimate was for EPS of $0.32. The stock is now down 0.76 on 1.4 million shares.

Salesforce.com gapped open higher Tuesday, but was range-bound throughout the session. The stock closed up by 1.19 at $92.95 on above average volume. Salesforce.com climbed past resistance and set a new high for the year.

by RTTNews Staff Writer

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