Salesforce Stock Drops as CEO Defends 'Appropriately Conservative' Outlook
1. Salesforce shares dropped 7% in premarket trading after soft guidance. 2. Q2 adjusted EPS of $2.91 exceeded analyst expectations of $2.78. 3. Revenue grew 10% YoY to $10.24 billion, aligning with estimates. 4. Q3 forecast projects lower EPS and revenue than analysts anticipated. 5. CRM shares have fallen 23% year-to-date.