1. WDAY shares fell over 11% following earnings release. 2. Quarterly earnings of $2.23 surpassed estimates of $2.01. 3. Revenue for Q1 was $2.24 billion, beating forecasts slightly. 4. Second-quarter revenue guidance lowered to $2.16 billion. 5. Tech sector down 1.4%, impacting overall market sentiment.
Despite beating earnings, WDAY's guidance fell short, causing a significant price drop. Historical data shows that negative guidance can lead to sustained share price declines.
The earnings report directly affects market perception and future performance of WDAY, making it highly relevant.
The immediate reaction to earnings reports often affects stock price significantly. Similar past instances indicate quick recoveries only after positive adjustments in forecasts.