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Friday, August 30, 2013
Great long trade : Salesforce.com (CRM) reported earnings on 29 August 2013
CRM (49.74 +13.95%): Beat quarterly EPS by $0.02 ($0.09 vs $0.07 estimate), revs rose 30.7% yoy to $957 mln vs $938.8 mln; sees Q3 EPS of $0.08-0.09 vs $0.08 estimate, revs of $1.05-1.055 bln vs $1.04 bln estimate; sees FY14 EPS of $0.32-0.34 vs $0.32 estimate, revs of $4.00-4.025 vs $3.99 bln estimate; target raised at JP Morgan, Susquehanna, UBS, JMP Securities, Credit Suisse, Stifel, and Canaccord Genuity
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