Salesforce.com Q3 Loss Widens Amid Tax Impacts, Higher Costs
Salesforce.com Inc.’s fiscal third-quarter loss widened as the Web-based business software company was hurt by tax-valuation allowance-related charges and higher costs.
For the year, Salesforce again raised its per-share adjusted earnings estimate to $1.50 to $1.52 on revenue of $3.04 billion to $3.05 billion, from its increased August estimate of $1.48 to $1.51, and $3.03 billion to $3.04 billion.