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Workday stock price
Workday latest news:
Workday share gain fizzles after earnings beat
Gains for Workday Inc. shares fizzled late Wednesday after the finance and human resources software company reported fiscal 2018 second-quarter earnings well above Wall Street expectations and raised its 2018 outlook. Workday said it lost $82,532 in the quarter, or 40 cents a share, compared with $107,813, or 55 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 24 cents a share in the quarter, versus a loss of 4 cents a share a year ago. Total revenues rose 41% to $525.3 million, from $373.7 million in the second quarter of fiscal 2017. Subscription revenue rose 42% to $434.5 million. Analysts polled by FactSet had expected adjusted earnings of 15 cents a share on sales of $507 million. Workday also raised its fiscal 2018 outlook, saying it expects subscription revenue of $1.750 to $1.757 billion, or 36% growth. For the third quarter, the company called for subscription revenue between $450 million and $452 million, or growth of 33% to 34%. The analysts surveyed by FactSet expect subscription sales around $435 for the quarter. Shares were down 0.2% after a rise of more than 2% immediately after the earnings report. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Workday Q2 non-gaap earnings per share $0.24
Workday Inc(WDAY). * Workday announces fiscal 2018 second quarter financial results. * Q2 non-gaap earnings per share $0.24. * Q2 loss per share $0.40. * Q2 revenue $525.3 million versus I/B/E/S view $507.4 million.
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