Investing.com - Workday reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Workday announced earnings per share of $0.83 on revenue of $1.43B. Analysts polled by Investing.com anticipated EPS of $0.8547 on revenue of $1.43B.
Workday shares are down 31% from the beginning of the year and are trading at $154.00 , down-from-52-week-high.They are under-performing the S&P 500 which is down 14.85% from the start of the year.
Workday shares lost 8.42% in after-hours trade the report.
Workday follows other major Information Technology sector earnings this month
Workday's report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
NVIDIA had beat expectations on Wednesday with first quarter EPS of $1.36 on revenue of $8.29B, compared to forecast for EPS of $1.3 on revenue of $8.12B.
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