Workday stock tumbles after cutting outlook

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Julie Hyman News

Workday,Full-Year Subscription

Workday (WDAY) reported first quarter adjusted earnings per share of $1.74 per share, well above the estimate of $1.58. Revenue was about in line with...

) reported first quarter adjusted earnings per share of $1.74 per share, well above the estimate of $1.58. Revenue was about in line with estimates, $1.99 billion compared to the $1.97 billion expectation. However, the company cut its full-year subscription guidance. CFO Zane Rowe says in theWork day just out with its quarterly results in the past few moments here and just looking at the numbers first quarter revenue coming in 1.99 billion.

Yeah, the company's bread and butter, of course, finance and hr products and the question will be on that, that guidance and kind of the puts and takes there. -- Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew.

 

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