Salesforce.com Inc. shares ticked higher in the extended session Tuesday after the customer-relations software management company's quarterly results topped Wall Street estimates. Salesforce shares rose 2% after hours, following a 0.8% decline to close at $126.88 in the regular session. The company reported fiscal first-quarter net income of $344 million, or 46 cents a share, compared with $1 million, or break-even on a per-share basis, in the year-ago period. Adjusted earnings were 74 cents a share. Revenue rose to $3.01 billion from $2.4 billion in the year-ago period. Analysts surveyed by FactSet had estimated 46 cents a share on revenue of $2.94 billion. For the second quarter, Salesforce estimates earnings of 46 cents to 47 cents a share on revenue of $3.22 billion to $3.23 billion. Analysts expect earnings of 52 cents a share on revenue of $3.11 billion.
Read the full story: Salesforce rises after hours as earnings, yearly outlook top Street views