Workday stock falls as guidance disappoints.

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Workday (WDAY) reported better-than-expected third-quarter earnings and revenue, but its stock fell 6% in after-hours trading due to disappointing guidance. Here are the key details:
• Earnings per share (EPS): $1.89, surpassing the analyst estimate of $1.76.
• Revenue: $2.16 billion, beating the consensus estimate of $2.13 billion.
• Subscription revenue: $1.96 billion, up 15.8% year-over-year.
• Full-year fiscal 2025 subscription revenue guidance: Revised lower to $7.703 billion, representing 17% growth.
Investors were likely expecting stronger growth, which led to the stock's decline despite the solid quarterly performance.
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