Investing.com - Workday reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Workday announced earnings per share of $0.83 on revenue of $1.54B. Analysts polled by Investing.com anticipated EPS of $0.7949 on revenue of $1.52B.
Workday shares are down 40.57% from the beginning of the year and are trading at $179.50 , down-from-52-week-high.They are under-performing the Nasdaq which is down 19.21% from the start of the year.
Workday shares gained 10.56% in after-hours trade following the report.
Workday follows other major Information Technology sector earnings this month
Workday's report follows an earnings beat by Apple on Thursday, July 28, 2022, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
NVIDIA had missed expectations on Wednesday with second quarter EPS of $0.51 on revenue of $6.7B, compared to forecast for EPS of $0.5297 on revenue of $6.83B.
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