Why Salesforce Stock Dipped on Friday

Why Salesforce Stock Dipped on Friday
Evan Niu, CFA, The Motley Fool
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Shares of salesforce.com (NYSE: CRM) have dipped today, down by 5% as of 3:20 p.m. EST, after the company reported fiscal fourth-quarter earnings. The results topped expectations, but Salesforce's profit forecast for next fiscal year disappointed investors. Revenue in the fiscal fourth quarter came in at $5.82 billion, beating the Street's expectation of $5.68 billion in sales.