=Salesforce (CRM) reported earnings on Tue 27 Nov 18 (a/h)

Salesforce beats by $0.11, reports revs in-line; guides Q4 EPS below consensus, revs above consensus (raises FY19 outlook); guides FY20 revs above consensus 

• Reports Q3 (Oct) earnings of $0.61 per share, excluding non-recurring items, $0.11 better than the S&P Capital IQ Consensus of $0.50; revenues rose 25.6% year/year to $3.39 bln vs the $3.37 bln S&P Capital IQ Consensus. 
• Unearned revenue +25% to $5.38 billion (26% in constant currency) vs. +20% guidance. Remaining performance obligation, representing future revenues that are under contract but have not yet been recognized, ended the third quarter at ~$21.2 billion, an increase of 34% year-over-year.
• Co issues guidance for Q4, sees EPS of $0.54-0.55, excluding non-recurring items, vs. $0.57 S&P Capital IQ Consensus; sees Q4 revs of $3.551-3.561 bln vs. $3.53 bln S&P Capital IQ Consensus.
• Raises FY19 non-GAAP EPS to $2.60-2.61 from $2.50-2.52; rev to $13.23-13.24 bln from $13.125-13.175 bln
• Co issues upside guidance for FY20, sees FY20 revs +20-21% to $15.9-16.0 bln vs. $15.85 bln S&P Capital IQ Consensus.