Workday: Fiscal 3Q Earnings Snapshot
PLEASANTON, Calif. (AP) _ Workday Inc. (WDAY) on Tuesday reported a loss of $115.7 million in its fiscal third quarter.
The Pleasanton, California-based company said it had a loss of 51 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 53 cents per share.
The results beat Wall Street expectations. The average estimate of 30 analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The maker of human resources software posted revenue of $938.1 million in the period, also surpassing Street forecasts. Twenty-two analysts surveyed by Zacks expected $920.7 million.
Workday shares have climbed roughly 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $173.62, a rise of 3.5% in the last 12 months.