Workday’s Losses Weigh Despite Price Target Hikes

By | August 28, 2014

Scalper1 News

Workday (WDAY) got price target hikes from at least three investment banks after its Q2 earnings late Wednesday beat expectations, but the company remains firmly in the red as its rising costs outpace its fast revenue growth. Workday stock was down more than 2% in early trading in the stock market today, near 88. The maker of HR, financial and recruiting software delivered via the Internet cloud posted a 74% jump in year-over-year revenue for its Scalper1 News

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