Workday Stock Falls Despite Earnings Beat and Revenue Growth
Workday (WDAY) reported second-quarter earnings of $2.75 per share, a 24% increase year-over-year, with revenue rising nearly 13% to $2.649 billion. The results exceeded analyst expectations for both metrics but failed to excite investors due to subscription sales guidance that only met estimates rather than exceeding it. The stock declined after the market close on Thursday despite the positive earnings report. Investors appeared unimpressed by the lack of strong forward-looking signals, which led to a negative reaction in trading sessions following the announcement.
Tickers: $WDAY
Topics: earnings revenue stock price movement