Salesforce.com Inc. cut its full-year earnings outlook as the company said it provided payment relief to some customers and made new investments in the face of the coronavirus pandemic. The provider of subscription-based business software said Thursday that first-quarter sales rose 30% from a year earlier to a record $4.87 billion. Earnings per share fell to 11 cents—aided by accounting adjustments—from 49 cents. Wall Street expected sales of $4.85 billion and per-share earnings of 1 cent, according to analysts surveyed by...

Source: Wall Street Journal May 28, 2020 21:09 UTC