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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.

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FAQ

Why Bearish?

The lowered Q3 guidance relative to expectations indicates potential ongoing weakness, leading to investor concern.

How important is it?

The article discusses earnings performance and future guidance, critical factors influencing CRM's stock price.

Why Short Term?

Market reaction and investor sentiment are influenced by immediate quarterly guidance and performance.

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