Why Workday Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket
Portfolio Pulse from Avi Kapoor
Workday, Inc. (NASDAQ:WDAY) shares surged 11.9% in pre-market trading after reporting better-than-expected Q2 financial results, with revenue of $2.08 billion and adjusted earnings of $1.75 per share. Several other stocks also showed significant pre-market movements, including Sequans Communications S.A. (NYSE:SQNS) and Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).
August 23, 2024 | 10:53 am
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NEGATIVE IMPACT
Red Robin Gourmet Burgers shares fell 13.5% in pre-market trading after reporting downbeat Q2 earnings and lowering FY24 revenue guidance.
The negative earnings report and reduced revenue guidance are likely to decrease investor confidence, leading to a negative short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Sequans Communications shares surged 146.5% in pre-market trading after reporting preliminary Q2 2024 financial results.
The significant pre-market gain suggests strong investor reaction to the preliminary financial results, indicating a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Workday's shares rose 11.9% in pre-market trading after the company reported better-than-expected Q2 results, with revenue of $2.08 billion and adjusted earnings of $1.75 per share.
Workday's better-than-expected earnings and revenue figures are likely to boost investor confidence, leading to a positive short-term impact on its stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100