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Earnings Results: Salesforce’s stock surges after earnings beat, fiscal 2020 revenue outlook

Salesforce.com Inc. shares rallied in the extended session Tuesday, following an initial dip, after the customer-relations management software company’s quarterly results and revenue outlook for next year topped Wall Street estimates.

Salesforce CRM, +0.89% shares rose 6% after hours, following an initial 3% dip as the earnings report was released. Shares advanced 0.9% to close the regular session at $127.54 Tuesday, compared with a 0.3% rise in the S&P 500 index SPX, +0.33% and a less than 0.1% uptick in the tech-heavy Nasdaq Composite Index COMP, +0.01% .

The San Francisco-based company reported third-quarter net income of $105 million, or 13 cents a share, compared with $107 million, or 14 cents a share, in the year-ago period.

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