Salesforce.com: +0.8% in one trade

Salesforce.com, Inc. was expected to report its Q3 earnings on Thursday, November 17 after the market close. We had published the question below a few days before earnings report was released:

Salesforce.com, Inc. (CRM) is set to report third-quarter results on Thursday, November 17 after the market close. Will Salesforce report earnings per share (EPS) above Wall Street Consensus of $0.21?

According to Cindicator users, the probability for Salesforce to beat analysts’ expectations was 72 percent. Therefore, we had bought a few shares of CRM at $74.87 before the market close on November 17.

The stock jumped more than 6% in after-hours trade on Thursday following a stronger-than-expected earnings report. We had the limit orders on the way up because we worried about the liquidity in post-market trading and sold our position at $77.77 average.

Overall, gross profit was 0.8%.

Happy trading,

Cindicator team

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