Salesforce.com Shares Rally As Results Meet Street View

Salesforce.com Inc. shares rallied in the extended session after the cloud-based software company reported quarterly results. Shares of Salesforce.com gained 8.3% to $68.11 on heavy volume. The company reported adjusted fourth-quarter earnings of 14 cents a share on revenue of $1.44 billion, right in-line with estimates from analysts surveyed by FactSet. Salesforce.com forecast adjusted earnings of 13 cents to 14 cents a share on revenue of $1.49 billion to $1.51 billion for the first quarter, and 67 cents to 69 cents a share on revenue of $6.48 billion to $6.52 billion for the year. Analysts expect 15 cents a share on revenue of $1.5 billion for the first quarter, and 69 cents a share on revenue of $6.5 billion for the year.