VIDEO: Salesforce Stock Falling on Dismal Q3 Outlook

Salesforce.com (NYSE:CRM) seeing losses after posting a weak third quarter outlook on positive second quarter results. The company reported a non-GAAP EPS of 42 cents, higher the 39 cents a share analysts were expecting. Revenue was up 34% to $731.6 million, also above the street’s estimate of $728 million. But, the company’s third quarter outlook, now in the range of 31 to 32 cents per share, was below the analyst estimate of 34 cents. Salesforce says foreign exchange fluctuations and faltering technology spending in Europe led them to the lower forecast.This has caused doubt to surface among investors as well as a sell off in after hours trading yesterday. Currently, Salesforce stock is down over 2.5% to $143.11.