Salesforce shares plummeted 13% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s expectations.

Here’s how the company did, compared with the LSEG consensus:

• Earnings: $2.44 per share, adjusted, vs. $2.38 per share expected
• Revenue: $9.13 billion, vs. $9.17 billion expected

Salesforce called for adjusted earnings per share of $2.34 to $2.36 on $9.2 billion to $9.25 billion in revenue. Analysts surveyed by LSEG had expected $2.40 in adjusted earnings per share on $9.37 billion in revenue.

Revenue in the fiscal first quarter increased 11% from $8.25 billion a year earlier, Salesforce said in a statement. Net income jumped to $1.53 billion, or $1.56 per share, from $199 million, or 20 cents per share a year ago.

Executives will discuss the results with analysts on a conference call starting at 5 p.m. ET.

This is breaking news. Please check back for updates.

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