Someone who is much smarter than me. What just happened to $CRM

Current after hours trading has them down 8.6%

Here is the meat and potatoes.. Exceeded expectations Q2 and Guidance for Q3 is looking slightly lower. How does this equate to the value the stock has dropped. How does this guidance justify -8.6% currently. What part of this makes up a more than 4 billion dollar loss in Market Cap?

While EPS of $0.24 came in $0.02 ahead of the Street’s consensus, revenue of $2.04 billion was slightly higher than the anticipated $2.02 billion, and unbilled deferred revenue came in around ~$8.0 billion, up 29 percent year-over-year, Q3 guidance disappointed investors. For the third quarter, management said it expects revenue of $2.11 billion to $2.12 billion, below expectations for $2.13 billion. Non-GAAP EPS guidance for $0.20 to $0.21 also fell short of analysts’ consensus, which stands at $0.24. For the full year, the company forecast non-GAAP EPS of $0.93 to $0.95, mostly below the Street’s $0.95 estimate, and revenue of $8.275 billion to $8.325 billion, once again under expectations for $8.31 billion.

Submitted August 31, 2016 at 04:57PM by GatonM http://ift.tt/2bWaptw