Workday Reports Strong Earnings as Guidance Disappoints. The Stock is Down.
Market Intelligence Analysis
AI-PoweredWorkday reported strong Q4 earnings but missed guidance expectations, causing its stock to drop 7.5% in after-hours trading.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
Workday reported solid fourth-quarter earnings results that were overshadowed by poor guidance. Its shares were down 7.5% in after-hours trading on Tuesday afternoon. Guidance on subscription sales for both periods came in shy of analysts’ expectations and the outlook for adjusted operating income fell flat.
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