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Workday stock falls as guidance disappoints despite earnings beat

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Workday stock falls as guidance disappoints despite earnings beat

) reported better-than-expected third-quarter earnings and revenue on Tuesday, but shares tumbled 6% in after-hours trading as the company's guidance fell short of analyst expectations.

While solid, this guidance appears to have disappointed some market participants expecting more robust growth. Workday's operating cash flows were $406 million compared to $451 million in the prior year. Free cash flows were $359 million, down from $391 million in the same quarter last year.

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