Salesforce.com, Inc. (CRM) Drops 8% On Poor Earnings

Shares in salesforce.com, inc. (NYSE:CRM) released its earnings report for the first three months for 2013 earlier today, Friday May 24. The company showed earnings of 10 cents per share for the first three months of the year, on revenue of $893 million. The company's shares have dumped more than 8 percent at time of writing, to stand at$41.97.

In a report concerning the earnings, Wedbush Research downgraded salesforce.com, inc. (NYSE:CRM) prospects to Neutral, and lowered that company's price target to $42, down from $51 in the firm's previous report on the company. The report has some interesting...