WDAY - Why Workday Shares Are Trading Higher By Around 9%; Here Are 20 Stocks Moving Premarket | Benzinga
Shares of Workday, Inc. (NASDAQ: WDAY) surged in pre-market trading after the company reported upbeat earnings results for its third quarter.
Workday posted earnings of $1.56 per share, beating market estimates of $1.41 per share. Revenue of $1.87 billion topped the analyst consensus estimate of $1.848 billion.
Workday anticipated fourth-quarter subscription revenue to be $6.598 billion while adjusted operating margins were estimated to be 23.8%.
Piper Sandler maintained Workday with an Overweight and raised the price target from $275 to $300.
Workday shares rose 9% to $258.70 in pre-market trading
Here are some other stocks moving in pre-market trading.
Gainers
- 180 Life Sciences Corp. (NASDAQ: ATNF) shares rose 55.2% to $0.5230 in pre-market trading after gaining around 8% on Tuesday. 180 Life Sciences recently announced a review of strategic alternatives.
- RedHill Biopharma Ltd. (NASDAQ: RDHL) shares rose 47.3% to $3.36 in pre-market trading after jumping 128% on Tuesday. Redhill Biopharma recently announced the FDA has granted five years' market exclusivity for Talicia.
- Avenue Therapeutics, Inc. (NASDAQ: ATXI) rose 39.4% to $0.2649 in pre-market trading. Avenue Therapeutics recently posted a profit for the third quarter.
- Yoshiharu Global Co. ...