Why Workday Inc. (WDAY) Crashed On Friday
From Yahoo Finance: 2025-05-24 06:14:00
Workday Inc. (NASDAQ:WDAY) saw its share prices drop by 12.52% on Friday, closing at $238.01 per share. The company reported a 36% decline in net income to $68 million, despite a 12.56% increase in revenue to $2.24 billion in the first quarter of fiscal year 2026. Looking ahead, Workday reiterated its subscription revenue growth outlook for fiscal 2026 at 14% to $8.8 billion and increased its non-GAAP operating margin guidance to around 28.5%. CEO Carl Eschenbach remains optimistic about the company’s performance. Overall, WDAY ranks 5th on the list of Friday’s worst-performing stocks.
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