Workday Inc. (NYSE: WDAY) gained on Thursday after the software provider for financial and human resources management said late last evening that sales soared 61% in the fiscal first quarter. The Company not only topped revenue estimate but adjusted loss was also lower-than-expected. Workday also raised its full-year revenue guidance.
For the fiscal first quarter, the Company posted non-GAAP loss of 15 cents a share compared to a loss of 57 cents a share. Analysts’ most recent consensus forecast was for a loss of 18 cents a share, according to Thomson Reuters’ poll. Revenue climbed to $91.6 million from $56.8 million, in the same quarter of last year. Analysts’ consensus forecast was for $86.91 million. For the fiscal 2014, the Company is anticipating a revenue growth of 75% to 80% or $425 million to $440 million. Company’s previous forecast was for $420 million to $435 million. Analysts’ most recent consensus estimate was for a 58.3% increase in revenue or $433.25 million.
Shares Hewlett-Packard Company (NYSE: HPQ) skyrocketed about 14% by afternoon trade. Although the PC maker late last evening reported 32% fall in fiscal second quarter profit, adjusted earnings topped Street’s estimate. The Company also boosted its full-year guidance.
Shares of Lender Processing Services Inc. (NYSE: LPS) climbed about 11.75% by afternoon trade after the Wall Street Journal quoted sources familiar with the matter as saying that title insurer Fidelity National Financial and buyout firm Thomas H. Lee Partners are nearing to enter in an acquisition deal with Lender Processing. The deal is valued at about $2.9 billion and would value Lender Processing at about $33 a share, the Wall Street Journal reported. The Journal also said that buyers will use both cash and Fidelity National Financial Stock to finance the deal, adding that Lee Partners will be holding a stake of 19.9%. The deal is expected to be made public by next week, said sources familiar with the matter to Reuters.
Shares of HEICO Corporation (NYSE: HEI) rallied about 9.80% by afternoon trade. The Company on Wednesday said that fiscal second quarter profit rose 24%, boosted by better performance from its electronic technologies and flight support segments. Non-GAAP earnings as well as revenue also edged past Street’s consensus estimate. For the fiscal second quarter, the Hollywood Florida based Company reported net income of $23.7 million or 44 cents a share compared to a profit of $19.0 million or 36 cents a share. Analysts polled by Thomson Reuters were expecting earnings of 40 cents a share. Sales soared 10% to $237.7 million from $216.3 million while analysts’ consensus estimate was for $229.22 million. While sales at flight support segment jumped 10% to $155.2 million, it also climbed 10% at electronic technologies segment to $83.9 million. For the full-year fiscal, the Company expects net income to grow by 11 % to 13%, assuming a sales growth of 8% to 10%. Earlier the Company projected net income to grow by 9% to 11%, on assumption that sales will rise between 6% and 8%.
Shares of Dollar Tree Inc. (NASDAQ: DLTR) gained about 3.60% after the discount retailer said on Thursday that fiscal first quarter earnings rose 15%. Growth in Same-store-sales was better-than-expected, in the fiscal first quarter. The Company also lifted its full-year guidance.
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