Investing.com - Workday reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Workday announced earnings per share of $0.44 on revenue of $1.02B. Analysts polled by Investing.com anticipated EPS of $0.49 on revenue of $1B. That with comparison to EPS of $0.43 on revenue of $825.1M in the same period a year before.Workday had reported EPS of $0.5 on revenue of $976.3M (NYSE:MMM) in the previous quarter.Analysts are expecting EPS of $0.53 and revenue of $1.05B in the upcoming quarter.
Workday shares are up 8% from the beginning of the year and are trading at $175.00 , down-from-52-week-high.They are outperforming the S&P 500 which is down 6.46% year to date.
Workday shares gained 2.88% in after-hours trade the report.
Workday follows other major Technology sector earnings this month
Workday's report follows an earnings beat by Microsoft on Wednesday, April 29, 2020, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.66B.
Apple had beat expectations on Thursday, April 30, 2020 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
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