Workday shares are trading lower after the company reported Q4 financial results, reiterated guidance and announced its intent to acquire HiredScore.
Portfolio Pulse from Benzinga Newsdesk
Workday's shares dropped following the announcement of its Q4 financial results, the reiteration of its guidance, and the news of its intent to acquire HiredScore.
February 27, 2024 | 1:29 pm
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Workday's stock price declined after the company reported its Q4 financial results, confirmed its future guidance, and announced plans to acquire HiredScore.
The decline in Workday's stock price can be attributed to the market's reaction to its Q4 financial performance and the announcement of acquiring HiredScore. While reiterating guidance suggests stability, acquisitions often come with uncertainties and costs that can concern investors in the short term.
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