Investing.com - Workday reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Workday announced earnings per share of $0.44 on revenue of $1.02B. Analysts polled by Investing.com anticipated EPS of $0.49 on revenue of $1B. That with comparison to EPS of $0.43 on revenue of $825.1M in the same period a year before.Workday had reported EPS of $0.5 on revenue of $976.3M (NYSE:MMM) in the previous quarter.Analysts are expecting EPS of $0.53 and revenue of $1.05B in the upcoming quarter.
Workday shares are up 8% from the beginning of the year and are trading at $175.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.46% year to date.
Workday shares gained 2.88% in after-hours trade after the report.
Workday follows other major Technology sector earnings this month
Workday's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.66B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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