UPDATE: Workday Posts Narrower-Than-Expected Q3 Loss

Workday

reported a narrower-than-expected third-quarter loss. Workday reported a quarterly loss of $41.5 million, or $0.67 per share, versus a year-ago loss of $19.8 million, or $0.66 per share, in the year-ago period. On an adjusted basis, Workday lost $0.39 per share. Its revenue surged to $72.62 million, from $36.45 million. However, analysts were projecting a loss of $0.49 per share on revenue of $64.05 million. Workday expects current quarter revenue of $75 million to $79 million, versus analysts' estimates of $70.9 million. Workday shares gained 1.52% to $54.00 in after-hours trading.