Workday: Fiscal 1Q Earnings Snapshot
Posted May 27, 2020 1:20 pm.
Last Updated May 27, 2020 1:34 pm.
This article is more than 5 years old.
PLEASANTON, Calif. (AP) _ Workday Inc. (WDAY) on Wednesday reported a loss of $158.4 million in its fiscal first quarter.
The Pleasanton, California-based company said it had a loss of 68 cents per share. Earnings, adjusted for one-time gains and costs, were 44 cents per share.
The results fell short of Wall Street expectations. The average estimate of 35 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The maker of human resources software posted revenue of $1.02 billion in the period, which beat Street forecasts. Thirty-five analysts surveyed by Zacks expected $1 billion.
Workday shares have risen roughly 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $170.47, a decline of 20% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WDAY at https://www.zacks.com/ap/WDAY
The Associated Press
