Kohl's reports loss, misses revenue, lowers guidance; Salesforce beats EPS but disappoints on guidance

From Nasdaq: 2024-05-30 11:08:02

Kohls (KSS) and Salesforce (CRM) stocks are plummeting after earnings reports, with KSS down 25% and CRM down 17%. Kohls reported a loss instead of expected profit, missed revenue, and lowered guidance. Salesforce beat EPS expectations, but their adjusted earnings guidance fell short, impacting their stock due to anticipated growth concerns.

Kohls is facing challenges with their turnaround strategy, as reflected in poor earnings. Salesforce is affected by market conditions, with a focus on cost-conscious AI projects impacting sales software. Both stocks are likely to see a technical bounce after such significant drops, but fundamentals remain unchanged, with long-term issues to resolve. Investors should approach cautiously.



Read more at Nasdaq:: Salesforce (CRM) and Kohl’s (KSS): Two Earnings, One Outlook