Workiva Inc WK:NYSE

Last Price$67.82NYSE Closing Price as of 4:10PM ET 6/29/22
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change-0.58(0.85%)
Bid (Size)N/A (N/A)
Ask (Size)$109.44 (1)
Day Low / High$66.69 - 68.79
Volume195.0 K

Workiva Swings to Loss in Q1, Issues Guidance -- Stock Tumbles After-Hours

5:18PM ET 5/03/2022 MT Newswires
Workiva (WK) on Tuesday posted an adjusted loss of $0.05 per diluted share in Q1, reversing from an adjusted profit of $0.12 per share a year earlier. Analysts polled by Capital IQ expected a $0.15 loss.

Revenue grew about 24% to $129.7 million. The Street estimated $127.4 million.

For Q2, the company expects an adjusted loss of $0.25 to $0.27 per basic share on revenue of $125.5 million to $126.5 million, against the Street's estimates of a $0.20 loss on revenue of $127.7 million.

For 2022, it projects an adjusted loss of $0.67 to $0.71 per basic share on revenue of $534 million to $536 million, compared with the market consensus of a $0.75 loss on revenue of $532.8 million.

The stock plunged more than 10% in after-hours trading.

Price: 87.1, Change: -6.98, Percent Change: -7.42