NEW YORK (TheStreet) -- Workday (WDAY - Get Report) rose in after-hours trading on Wednesday after the financial management software vendor reported second-quarter earnings that beat analysts' expectations.
The company reported an adjusted net loss of 11 cents a share, compared to a loss of 13 cents a share in the year-ago quarter. Revenue increased 74% year-over-year to $186.78 million from $107.56 million. The consensus estimate called for the company to report a loss of 14 cents on revenue of $177.45 million.
The stock was up 2.9% to $92.92 at 4:22 p.m.
Must Read: 50 Stocks Hedge Funds Love
Separately, TheStreet Ratings team rates WORKDAY INC as a "sell" with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate WORKDAY INC (WDAY) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income and feeble growth in its earnings per share."
You can view the full analysis from the report here: WDAY Ratings ReportWDAY data by YCharts
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.