: Workday’s stock is rising after another quarterly earnings beat


Workday Inc. WDAY, -2.32% stock climbed 4.5% in extended trading Thursday after the company reported quarterly results that edged the estimates of analysts. Workday reported fiscal second-quarter net income of $78.7 million, or 30 cents a share, compared with a net loss of $64.2 million, or 25 cents a share, in the year-ago quarter. Adjusted earnings were $1.43 a share. Revenue climbed 16% to $1.79 billion, from $1.54 billion a year ago. Analysts surveyed by FactSet had expected on average net income of $1.26 a share on revenue of $1.77 billion. Shares of Workday have soared 35% this year, while the broader S&P 500 index SPX, -1.35% has increased 14%.

This article was originally published by Marketwatch.com. Read the original article here.

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