Workday Shares Rise As Second-quarter Revenue Tops Street View

Workday Inc. shares rose in the extended session Wednesday as the finance and human resources cloud company topped Wall Street revenue targets for the second quarter but forecast revenue that fell below the consensus. Workday shares rose 4.5% to $83.20 after hours. The company reported an adjusted second-quarter loss of 4 cents a share on revenue of $377.7 million. Analysts surveyed by FactSet had forecast a loss of 2 cents a share on revenue of $372.7 million. For the third quarter, Workday forecast revenue of $398 million to $400 million, while analysts expect $401.3 million.