Morningstar Is "Continually Impressed" By Salesforce (CRM)

Morningstar has a 3-star rating on Salesforce (CRM) and notes that the stock "continues to impress." Dan Romanoff discusses CRM and its recently released earnings. Its adjusted EPS came in at $1.69 versus an estimated $1.61 and revenue came in at $8.25B versus an estimated $8.17B. CRM returned $2.1B to stockholders in the form of buybacks. The company initiates 2Q FY24 revenue guidance of $8.51B-$8.53B, up 10% year-over-year and reiterates full year FY24 revenue guidance of $34.5B-$34.7B, up 10% year-over-year. Morningstar also sees pockets of weakness and strength in CRM. Tune in to find out more about the stock market today.