+++ Business figures +++: Salesforce raises annual targets thanks to AI boom - stock rises
Temu parent PDD increases revenue - but misses expectations +++ Fielmann suffers from poor purchasing mood in Germany +++ AI investments cause Alibaba's profit to plummet +++ The news blog.
Salesforce has raised its full-year revenue and profit forecast due to strong demand for new artificial intelligence tools. The company now expects revenue of $46.1-46.4 billion and adjusted earnings per share of $16.67-16.71. Its quarterly revenue was $11.35 billion, slightly above expectations, and earnings per share was $5.90, also beating forecasts. The company's shares rose 7% in after-hours trading.
Coty reported a 1.3% rise in quarterly revenue to $1.27 billion, beating expectations, but its adjusted loss per share was 2 cents, wider than forecast.
Estee Lauder reported quarterly revenue of $3.63 billion, above expectations, and forecast adjusted earnings per share of $3.10-3.35 for the full year, also above forecasts.
Klarna reported a quarterly profit of $9 million, beating expectations, and revenue rose 27% to $1.04 billion. However, it lowered its full-year forecast for gross merchandise volume to $149-151 billion.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
