— Shares of the semiconductor design company soared 19% after announcing better-than-expected second quarter results. Ambarella reported adjusted earnings per share of 21 cents on revenue of $56.4 million. Analysts had expected earnings per share of 2 cents on revenue of $52.0 million.— Shares of Workday tumbled 7.1% on Friday after raising revenue guidance in a manner that analysts at Wedbush described as "cautious.
" The software company projected subscription revenue guidance for the full fiscal year to be between $3.06 and $3.07 billion, up from a range of $3.045 billion to $3.06 billion announced in May. Workday beat Wall Street expectations for revenue in its fiscal second quarter, with subscription revenue rising by 34%.— MSG Networks jumped more than 13% after increasing its existing buyback program by $300 million and announced an auction tender offer to buy up to $250 million in stock.
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