Salesforce Earning Reports | Closing Bell

Summary

The video covers the market close on a mixed day with earnings reports from Salesforce, Snowflake, Marvell, and Synopsys. Salesforce reported in-line revenue and a modest EPS beat but guided slight revenue below estimates, while Snowflake surged on a $6 billion AI chip deal with Amazon. Market indices were near record highs with oil prices falling 4.5% amid geopolitical concerns.

• Salesforce revenue in line, EPS beat, but Q2 revenue guidance slightly below consensus and RPO missed.
• Snowflake shares jumped over 20% after reporting earnings and a $6 billion deal with Amazon for AI chips.
• Marvell Technology reported in-line Q1 results and guided Q2 EPS above estimates, stock up 3% after-hours.
• Synopsys raised guidance and announced a cooperation pact with Elliott Management, shares modestly higher.
• S&P 500 closed near record highs for a fifth consecutive day, while the Dow gained and small-caps lagged.
• Oil prices dropped 4.5% on geopolitical uncertainty, though hosts noted Strait of Hormuz risks may not be fully priced.
• Hosts discussed concerns about Salesforce facing competition from AI-native companies like Anthropic and OpenAI.