Diamonds and Dogs
Workday (WDAY) is working. The cloud HR software firm is up 9% to a six-month high following strong earnings. Workday easily beat as revenues rose 18% to $1.26 billion. Workday cited a number of factors helped lift earnings including an improving economy and a boost in sales from their large enterprise customers.
Peloton (PTON) takes a hit. Peloton is down 8% following disappointing earnings. The company missed estimates, lowered guidance. Peloton disclosed that it has been subpoenaed by the U.S. Justice Department and Department of Homeland Security for information relating to its reporting of injuries caused by its exercise machines. Peloton did receive an upgrade and will cut prices on bikes to appeal to a broader crowd.
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