Investing.com - Workday reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Workday announced earnings per share of $1.1 on revenue of $1.33B. Analysts polled by Investing.com anticipated EPS of $0.8675 on revenue of $1.31B.
Workday shares are up 83% from the beginning of the year and are trading at $281.59 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 27.89% from the start of the year.
Workday shares lost 5.81% in after-hours trade following the report.
Workday follows other major Information Technology sector earnings this month
Workday's report follows an earnings matched by Apple on Thursday, October 28, 2021, who reported EPS of $1.24 on revenue of $83.36B, compared to forecasts EPS of $1.24 on revenue of $85.05B.
Microsoft had beat expectations on Tuesday, October 26, 2021 with first quarter EPS of $2.27 on revenue of $45.32B, compared to forecast for EPS of $2.08 on revenue of $44B.
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