Salesforce Reports In-Line Quarter, Stock Slips

| About:, Inc. (CRM) (NYSE:CRM) late yesterday reported results for the fiscal third quarter ended October 31 which were about in line with Street expectations - but apparently slightly disappointing to some.

Salesforce reported revenue for the quarter of $130 million, and pro forma EPS of 6 cents a share; the consensus view was for $129 million and 5 cents. The company sees fiscal fourth quarter revenue of $140 million to $142 million and pro forma profits of 20-23 cents a share; the Street had expected $142 million and 7 cents. For all of fiscal 2008, the company sees revenue of $700 million to $710 million; the Street has been looking for $699 million.

CEO Marc Benioff seemed to like the quarter; in the release, he described it as “spectacular.”

But the stock nonetheless sold off after hours, backing off 91 cents to $41.48, after losing $1.11 in the regular session. Nonetheless, the shares have roughly doubled in price since mid July.

See: F3Q07 (Qtr End 10/31/06) Earnings Call Transcript