Workday logs profit beat and inks AI deal, but stock drops after earnings
Shares of Workday Inc. fell 8% in after-hours trading Monday after the software company merely met revenue expectations for the latest quarter, while announcing an artificial-intelligence deal. The company reported fiscal fourth-quarter net income of 4.52 cents a share, whereas it reported a net loss of 1.1 billion release of a valuation allowance related to deferred tax assets. ...