WDAY Stock Price – Workday Inc. Cl A Stock Quote (U.S.: Nasdaq)

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Workday stock declines as earnings miss drags on raised outlook

Workday Inc. shares slipped in the extended session Tuesday after the cloud-software company missed Wall Street targets on earnings and raised its subscription outlook. Workday shares fell 2% after hours, following a 1.4% rise to close the regular session at $156.69. The company reported a second-quarter loss of $86.2 million, or 40 cents a share, compared with a loss of $82.5 million, or 40 cents a share, in the year-ago period. Adjusted earnings were 24 cents a share. Revenue rose to $671.7 million from $525.3 million in the year-ago period. Analysts surveyed by FactSet had estimated 26 cents a share on revenue of $662.8 million. Subscription revenue for the quarter came in at $565.7 million, while analysts had forecast $558.8 million. For the third quarter, Workday estimates subscription revenue of $609 million to $611 million, while analysts expect $586.5 million. The company also raised its subscription outlook for the fiscal year to a range of $2.34 billion to $2.35 billion, while analysts had forecast $2.29 billion.





Source : MTV