Continues Its Surge (CRM)

Posted in pre-market 
August 21st, 2009 Inc. (NYSE: CRM) was up over 8% at $50.02 at the closing of the after-hours session last night, but that was on a post-close volume of 885,000 shares. As of 8:40 AM EST this morning we have seen right at 60,000 shares having traded hands, but shares are even higher at $50.75. Its average volume is 1.95 million shares and CRM’s 52-week trading range is $20.82 to $66.99……. EARNINGS/GUIDANCE SUMMARY: $21.2 million or $0.17 EPS, up from $10 million or $0.08 EPS a year ago.  Revenues were $316.1 million, up from $263.1 million a year ago.  Thomson Reuters figures were $0.15 EPS and $312.54 million in revenues.  It also added 3,900 net new customers to more than 63,000 at the end of the quarter.  As noted, also raised its guidance.

AUGUST 21, 2009

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