Workday Shares Tumble After Q1 Results, Lower Forward Guidance
Portfolio Pulse from Erica Kollmann
Workday, Inc. (NASDAQ:WDAY) reported strong Q1 earnings and sales, beating analyst estimates. However, the company lowered its forward guidance, leading to a 9.16% drop in share price after-hours.
May 23, 2024 | 8:31 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Workday reported strong Q1 earnings and sales, beating analyst estimates. However, the company lowered its forward guidance, leading to a 9.16% drop in share price after-hours.
Despite strong Q1 performance, the lowered forward guidance has negatively impacted investor sentiment, leading to a significant drop in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100