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Interesting Stocks To Watch - Nov. 29: WDAY

Application software solutions provider Workday Inc. (WDAY) comes on our radar, thanks to its upbeat revenue outlook for the fourth quarter.

The company projects fourth-quarter revenues in the range of $75 million - $79 million, while analysts estimate $70.47 million.

Q3 Results

The company reported net loss of $41.5 million or $0.67 per share, compared to a loss of $20 million or $0.66 per share a year ago.

Results for the reporting quarter included equity grant of $11 million and stock-based expense of $6 million.

Excluding items, loss for the quarter totaled $24 million, compared with loss of $18.6 million a year ago. On a per share basis, loss narrowed to $0.39 from $0.63 in the prior year.

On average, 7 analysts polled by Thomson Reuters expected a loss of $0.59 per share for the quarter. Analysts' estimates typically exclude special items.

The Pleasanton, California-based company reported quarterly revenues of $72.6 million, higher than the previous year's $36.5 million. Analysts expected revenues of $63.97 million for the quarter.

Company Profile

Workday provides enterprise cloud-based applications for enterprises in the United States and internationally. It offers applications for customers to manage critical business functions that enable them to optimize their financial and human capital resources.

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