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Earnings Results: Salesforce stock ticks higher after hours on earnings beat, full-year outlook

Salesforce.com Inc. stock advanced in the extended session Tuesday after the customer-relationship-management software company reported earnings that topped Wall Street estimates and raised its outlook for the year.

Salesforce CRM, +3.94% shares, which had nearly swung to a loss after hours, were last up 3.2% in the extended session, following a 4% rise to close the regular session at $150.92. In comparison, the S&P 500 index SPX, +2.14% closed up 2.1%, the Nasdaq Composite Index COMP, +2.65% rose 2.7%, and the iShares Expanded Tech-Software Sector ETF IGV, +3.41% advanced 3.4% on Tuesday.

On the call, Marc Benioff, Salesforce’s chairman and co-chief executive, updated the company’s long-term revenue forecast to cover the next four years.

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