Workday Inc. (
WDAY) a human resources software company, announced mixed financial results and lowered guidance today, the 24th May 2024.
Shares in the company have dropped to less than $230 (more than 13%) at the time of writing. Interestingly, this smashed through an old support level of $236. It also filled an old gap Aeryn had been watching (see chart below).
The company reported first-quarter earnings before certain costs, such as stock compensation, of $1.74 per share, comfortably beating Wall Street’s forecast of $1.58 per share. However, despite an 18% increase in revenue from a year earlier to $1.9 billion, it fell short of analysts' consensus estimate of $1.97 billion.
Overall, Workday reported net income of $107 million for the quarter, compared to breaking even in the same period last year.
Workday CEO Carl Eschenbach ...
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