Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in 2024 with the sector returning to its highest level since early March.
By Sinad Carew (Reuters) - Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in .
Salesforce Inc's stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third quarter results underpinned by strong demand for its services. Salesforce's revenue of $8.72 billion and adjusted profit of $2.11 per share beat Wall Street expectations, the company reported after the closing bell on Wednesday. It also forecast fourth quarter revenue to reach between $9.18 billion and $9.23 billion, and adjusted profit to range from $2.25 to $2.26 per share, higher than analyst estimates.
Salesforce Inc s
stock jumped by about 10% on Thursday to a nearly two-year high
after the U.S. cloud and business software company reported
stellar third quarter results underpinned by strong demand.
Salesforce shares jump as strong cloud demand drives stellar results reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.