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Workday (WDAY) said Thursday it has appointed Sarah Kennedy Ellis as chief marketing officer, starting Oct. 5.Ellis joins Workday from Google, where she led global marketing for Google Cloud and Google Workspace, the company said.Price: $184.35, Change: $-1.70, Percent Change: -0.91%
Bending Spoons (BSP) has agreed to acquire workspace collaboration platform Miro in an all-cash deal with an enterprise value of about $1.36 billion, as part of the Italian technology company's strategy to purchase digital businesses and optimize them for long-term ownership.The transaction implies an equity value of roughly $1.79 billion, Bending Spoons said Thursday. Certain Miro shareholders also agreed to invest $295 million of their proceeds in newly issued stock of the Italian firm.Shares of Bending Spoons, which began trading publicly on the Nasdaq in July, rose 6.4% in Thursday trade.Miro has generated around $600 million in annual recurring revenue, or ARR, with almost 90% from business and enterprise customers, Bending Spoons Chief Executive Luca Ferrari said in a statement.Miro, which acquired the artificial intelligence platform for product teams Reforge in March, serves more than 750 customers with over $100,000 in ARR, according to Miro CEO Andrey Khusid.The transaction, which requires regulatory approval, is expected to close in the fourth quarter. Both companies plan to operate independently until the deal closes.After completion, Bending Spoons aims to invest substantially in Miro's fundamentals that support critical collaborative work, according to Ferrari. "We acquire businesses with the intention of owning and operating them for the long term, and Miro will be no exception."Last week, the Italian company completed the acquisition of Airtable for about $1.29 billion. Airtable provides a platform used by organizations to re-organize data and manage workflows.In August, Bending Spoons reported second-quarter adjusted earnings of $0.46 a share, up from $0.17 the year before. Revenue surged 126% to $704.2 million. At the time, the company said it expected revenue to come in between $2.78 billion and $2.82 billion for 2026, while the current consensus on FactSet is for $2.89 billion.In a client note emailed last month, BofA Securities downgraded its rating on Bending Spoons' stock to underperform from neutral, citing concerns over the company's actual debt capacity and merger and acquisition strategy. The brokerage estimated the firm will have only around $7 billion in available debt capacity by the end of 2027, which won't be enough to complete its implied deal volume by 2028, it said at the time.In the broader industry, AI lab OpenAI, which confidentially filed for its potential initial public offering in the US earlier in the year, revealed last month that it had acquired presentation startup NextSlide for an undisclosed sum. In November 2025, Workday (WDAY) completed the purchase of AI firm Sana for about $1.1 billion.Price: $39.82, Change: $+2.07, Percent Change: +5.48%
David A Duffield, 10% Owner, on September 04, 2026, sold 90,615 shares in Workday (WDAY) for $17,954,368. Following the Form 4 filing with the SEC, Duffield has control over a total of 105,049 Class A common shares of the company, with 105,049 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1327811/000093807126000051/xslF345X05/wk-form4_1788990725.xml
Oracle (ORCL) is using cost savings from workforce reduction to fund its artificial intelligence infrastructure, though successive cuts pose execution risk, especially for cloud apps, RBC Capital Markets said in a note e-mailed Friday.In April, Forbes reported that the cloud computing company terminated thousands of employees across the US, India, Canada, Mexico and Uruguay. Oracle is preparing a new round of job cuts to curb payroll expenses while funding billions in AI infrastructure debt, Business Insider reported last month, citing an internal document."With a substantial April (reduction-in-force) already executed and another potentially in the works, Oracle is increasingly funding its AI buildout through headcount reductions," RBC analyst Rishi Jaluria said in a note to clients. "While cost reallocation is more (return on invested capital)-friendly than incremental debt or equity, successive cuts carry execution risk, particularly for cloud apps."The company didn't respond to' request for comment sent Friday regarding the Business Insider report.Oracle is scheduled to report its fiscal first-quarter results Thursday. RBC projects adjusted earnings at $1.65 a share on revenue of $19.10 billion. Analysts surveyed by FactSet expect $1.74 and $19.13 billion, respectively.Oracle Cloud Infrastructure demand is surging, as remaining performance obligations, or RPO, hit $638 billion in the fourth quarter, but investor sentiment hinges on whether capacity expansion can keep pace with demand, according to the note. RPOs are future commitments arising from contractual relationships."Questions remain around OpenAI's competitive positioning and implications for Oracle as its primary infrastructure partner," Jaluria said. However, generative AI chatbot ChatGPT maker OpenAI's latest model cycle is "encouraging" for its market positioning among large language model providers, the analyst wrote."Stepping back, we maintain a cautious stance heading into (Oracle's latest) print," Jaluria said.RBC maintained its sector perform rating on the company's stock with a $190 price target.Oracle shares were up 2.3% in Friday afternoon trade. The stock has dropped 19% so far this year.In July, the company secured a 10-year enterprise software contract worth about $7 billion with the US Department of Defense.Late last month, Workday (WDAY) delivered a second-quarter beat and raised the low end of its full-year subscription revenue outlook. Workday competes with Oracle in the enterprise cloud software market.Price: $157.64, Change: $+3.60, Percent Change: +2.34%
Workday (WDAY) has an average rating of overweight and mean price target of $209.69, according to analysts polled by FactSet.Price: $198.18, Change: $-6.54, Percent Change: -3.19%
(Updates with market moves at the end of the day, and other changes, if any.)US stocks fell Friday, though they still locked in weekly gains, as bets for a September interest rate hike increased after Federal Reserve Chair Kevin Warsh expressed worries about inflation.The Nasdaq Composite declined 0.5% to close at 26,402.42, while the S&P 500 dipped 0.3% to 7,711.76. The Dow Jones Industrial Average ended just below the flatline at 53,559.99. Among sectors, technology led the laggards, while consumer discretionary saw the biggest gain.Despite Friday's declines, all three indexes logged weekly gains, with the Nasdaq up 0.9%. The Dow and the S&P 500 advanced 0.5% each.In his debut Jackson Hole speech as Fed chief, Warsh said Friday that inflation numbers were concerning, citing the Fed's preferred metric -- the personal consumption expenditure price index -- which was unchanged at 3.7% year over year in July."The comparable measures from the consumer price index are also elevated, as are the core measures of both PCE and CPI inflation," Warsh said. "None of these measures are perfect, but they all tell a similar story: Inflation is running above our 2% target. So the Fed's predominant focus right now should be on prices."The odds of a quarter-point rate hike next month rose to about 58% on Friday from 35% the day before, according to the CME FedWatch tool. The probability that the Federal Open Market Committee will keep the benchmark rate steady fell to about 43% from 65%.US Treasury yields jumped, with the two-year yield up 12.6 basis points at 4.36% and the 10-year yield rising 5.6 basis points to 4.73%."Warsh came out blazing with a mostly hawkish message and interpretation of the recent data. In essence, he said that the 2% target on PCE prices was firm and there was work to be done to get there, since policy is not restrictive," BMO Chief Economist Douglas Porter said in a report. "The net result of Warsh's stern remarks was that the market is now back to pricing in roughly 50-50 odds of a hike at the mid-September FOMC meeting."US consumer sentiment dropped in August amid concerns that inflation will continue to be high for the "foreseeable future," final results of a University of Michigan survey showed Friday.In company news, Paypal (PYPL) shares slumped nearly 13%, the worst performer on the S&P 500, after Bloomberg News reported that buyout firm Advent and payment-processor Stripe have ditched their bid to buy the company.Marvell Technology (MRVL) followed Paypal on the index, down 10%, despite reporting stronger-than-expected second-quarter results late Thursday.Marvell's (MRVL) fiscal third-quarter gross margin outlook came in a bit soft amid a higher custom product mix, B. Riley Securities said in a note e-mailed Friday.Workday (WDAY) was the top gainer on the S&P 500, up 5.8%. The finance and human resources solutions provider raised the low end of its full-year subscription revenue outlook after it recorded fiscal second-quarter results above Wall Street's estimates.West Texas Intermediate crude oil edged down 0.1% to $83.41 a barrel in Friday late-afternoon trade, while Brent dipped 0.4% to $89.31.Spot gold fell 3% to $4,459.42 per troy ounce, while silver lost 4.5% to $67.08 per ounce.
US equity indexes ended lower Friday after government bond yields rose following Federal Reserve Chairman Kevin Warsh's statement that inflation is the more concerning part of the central bank's dual mandate.* "The Fed's price-stability objective of 2%, as measured by the personal consumption expenditures price index, is a firm, fixed target," Warsh said, speaking at the annual Jackson Hole Economic Policy Symposium.* Mediators in the Iran war are stepping up efforts to get the Strait of Hormuz reopened, with Tehran agreeing to draw up a list of conditions to restore normal traffic after the Qatari prime minister asked the Iranians to respect freedom of navigation, Reuters reported.* The University of Michigan consumer sentiment index was revised upward on Friday to 51.7 for August from 51.0 in the preliminary estimate, compared with expectations of no revision in a survey compiled by Bloomberg.* October West Texas Intermediate crude oil fell $0.15 to settle at $83.38 per barrel, while October Brent crude, the global benchmark, was last seen down $0.33 at $89.37.* Workday (WDAY) shares were up about 5.8%, the top gainer on the S&P 500, after it raised the low end of its full-year subscription revenue outlook following fiscal Q2 results above Wall Street's estimates.* Paypal (PYPL) shares were down roughly 13%, the worst performer on the S&P 500, after Bloomberg News reported that Advent and Stripe have backed out of their bid to buy the company.
Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.6%.The Philadelphia Semiconductor Index was down 3.4%.In sector news, the Department of Commerce's Bureau of Industry and Security is working on a slimmed-down replacement plan for the export controls on advanced AI chips that the Biden administration imposed to slow the technological progress of geopolitical rivals, The Information reported. The new rule is expected to close a loophole via which Chinese AI firms can access advanced chips through data centers in other countries, the report said.In corporate news, Marvell Technology (MRVL) shares fell past 9% after the company's stronger-than-expected fiscal Q2 results were overshadowed by investor concerns over the timing of revenue from its deal with Alphabet's (GOOGL, GOOG) Google.Workday (WDAY) raised the low end of its full-year subscription revenue outlook after the finance and human resources solutions provider recorded fiscal Q2 results above Wall Street's estimates. Its shares climbed past 6%.Amazon.com (AMZN) has signed a power purchase agreement in Germany and invested in four Swedish wind energy projects, the company said Friday. Amazon said it agreed to buy 600 megawatts of electricity from the planned Gennaker offshore wind farm in the Baltic Sea. Amazon shares rose 3.9%.Microsoft (MSFT) workers have raised concerns about the impact of its AI data centers on energy use, water consumption, emissions, and local communities, Bloomberg reported, citing Development Chief Noelle Walsh's memo to employees. Microsoft shares were up 1.7%.
(Updates with latest market prices and developments.)US benchmark equity indexes were mostly lower intraday, while bond yields rose, as investors assessed Federal Reserve Chair Kevin Warsh's speech at the Jackson Hole economic policy symposium.The Nasdaq Composite was down 0.4% at 26,438.2 after midday Friday, while the S&P 500 fell 0.2% to 7,716.9. The Dow Jones Industrial Average was little changed at 53,564.9. The indexes finished the previous trading session in the green, with the Nasdaq recording its biggest single-day percentage gain since Aug. 4.Among sectors, utilities led the laggards intraday Friday, while consumer discretionary and communication services saw the biggest gains.In his debut Jackson Hole speech as Fed chief, Warsh said Friday that inflation numbers were concerning, citing the Fed's preferred metric -- the personal consumption expenditure price index -- which was unchanged at 3.7% year over year in July."The comparable measures from the consumer price index are also elevated, as are the core measures of both PCE and CPI inflation," Warsh said. "None of these measures are perfect, but they all tell a similar story: Inflation is running above our 2% target. So the Fed's predominant focus right now should be on prices."The odds of a quarter-point rate hike next month rose to about 58% on Friday from 35% the day before, according to the CME FedWatch tool. The probability that the Federal Open Market Committee will keep the benchmark rate steady fell to 43% from 65%.US Treasury yields jumped intraday Friday, with the two-year yield up 10.9 basis points at 4.34% and the 10-year yield rising 5.4 basis points to 4.73%."With core inflation above target for more than five years and, in our view likely to stay elevated, markets responded (to Warsh's remarks) accordingly," Stifel said in a note e-mailed to. "For equities, we would anticipate a hawkish message continuing to tighten financial conditions as investors once again embrace the 'Don't Fight the Fed' playbook."US consumer sentiment dropped in August amid concerns that inflation will continue to be high for the "foreseeable future," final results of a University of Michigan survey showed Friday.In company news, Paypal (PYPL) shares were down 12% intraday, the worst performer on the S&P 500, after Bloomberg News reported that buyout firm Advent and payment-processor Stripe have ditched their bid to buy the company.Marvell Technology (MRVL) followed Paypal on the index, down 10%, despite reporting stronger-than-expected second-quarter results late Thursday.Workday (WDAY) was the top gainer on the S&P 500, up 6.1%. The finance and human resources solutions provider raised the low end of its full-year subscription revenue outlook after it recorded fiscal second-quarter results above Wall Street's estimates.West Texas Intermediate crude oil edged down 0.1% to $83.47 a barrel intraday Friday, while Brent dipped 0.4% to $89.39.Spot gold fell 2.7% to $4,476.72 per troy ounce, while silver lost 4.2% to $67.32 per ounce.
Tech stocks were lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.5% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.9%.The Philadelphia Semiconductor index was down 3.6%.In sector news, the Department of Commerce's Bureau of Industry and Security is working on a slimmed-down replacement plan to the export controls on advanced AI chips that the Biden administration imposed to slow the technological progress of geopolitical rivals, The Information reported. The new rule is expected to try to close a loophole via which Chinese AI firms can access advanced chips through data centers in other countries, the report said.In corporate news, Marvell Technology (MRVL) shares fell past 10% after the company's stronger-than-expected fiscal Q2 results were overshadowed by investor concerns over the timing of revenue from its deal with Alphabet's (GOOGL, GOOG) Google.Workday (WDAY) raised the low end of its full-year subscription revenue outlook after the finance and human resources solutions provider recorded fiscal Q2 results above Wall Street's estimates. Its shares climbed 6.1%.Elastic (ESTC) shares surged 17% after it reported overnight higher fiscal Q1 non-GAAP earnings and revenue.
Workday's (WDAY) fiscal 2028 growth guidance reflects a delayed payoff from AI investments rather than any softening in customer demand, UBS said in a note Friday.The firm said Workday described fiscal 2027 as a catch-up year for AI, pointing to a late start and slower-than-expected monetization, especially from usage-based Flex Credits pricing.UBS said it saw no evidence of demand stress in Workday's commentary, including no signs of longer sales cycles or seat pressure, though its own checks point to a highly penetrated core HR market.On take-private speculation, UBS said it remains skeptical a deal is being discussed, adding that the CEO, who returned in February, is unlikely to consider a sale so soon into his tenure, and that his declining to comment on the matter does not imply talks are underway.UBS maintained the company's neutral rating with a price target of $220.Price: $206.65, Change: $+13.08, Percent Change: +6.76%
Workday (WDAY) raised the low end of its full-year subscription revenue outlook after the finance and human resources solutions provider recorded fiscal second-quarter results above Wall Street's estimates.Subscription revenue is now expected to come in between $9.94 billion and $9.95 billion for fiscal 2027, the company said late Thursday, reflecting a higher bottom end versus the prior estimate of $9.93 billion. The current consensus on FactSet is for $9.95 billion."While we're still in the early innings, demand for our agentic portfolio is building," Chief Financial Officer Zane Rowe said during an earnings call, according to a FactSet transcript. "We're focused on driving discovery and adoption through initiatives like our Lighthouse program, which we believe will benefit subscription revenue growth over time."The stock fell 2.3% in the most recent premarket activity.Workday is currently targeting subscription revenue growth for fiscal 2028 of about 11%, in line with its expected growth rate for the second half of the ongoing fiscal year, according to Rowe.Oppenheimer said in a client note earlier this week that Workday's second-quarter setup appeared to be favorable for the company amid stable demand and robust momentum in agentic artificial intelligence products. The brokerage at the time said it expected the company to increase its fiscal 2027 guidance.For the quarter ended July 31, Workday's adjusted earnings rose to $2.75 per share from $2.21 the year before, topping the Street's view for $2.61. Revenue climbed 13% to $2.65 billion, just ahead of the average analyst estimate of $2.64 billion.Subscription revenue increased 14% year over year to $2.47 billion. The company ended the second quarter with a subscription revenue backlog of $27.4 billion, up 8% from a year ago, though the growth rate was impacted by continuous "mix shift towards customer base bookings versus net new, and the mix of industries that drove our net new bookings," Rowe said on the call.Professional services revenue slipped to $178 million from $179 million.For the ongoing three-month period, Workday anticipates subscription revenue of $2.52 billion, representing a gain of 12%. The Street is looking for $2.51 billion."We continue to prioritize investment in AI alongside strategic investments in the core while driving efficiencies across the business," Rowe told analysts.Oracle (ORCL), which competes with Workday in the enterprise cloud software market, is expected to release its latest financial results next month.
Workday (WDAY) has an average rating of overweight and mean price target of $207.11, according to analysts polled by FactSet.
(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, led solely by the technology sector amid post-earnings rallies in shares of Nvidia (NVDA) and several other key players in the domain.The Nasdaq Composite was up 1.6% at 26,541.6 after midday Thursday, while the S&P 500 rose 0.8% to 7,737. The Dow Jones Industrial Average advanced 0.4% to 53,659.8. The three indexes finished the previous trading session lower, with the Dow snapping a three-day winning streak.Tech was the only sector in the green intraday Thursday, up 3.2%, while consumer staples saw the steepest decline.Nvidia shares jumped 9.5%, the second-biggest gain on the Dow, as the tech bellwether's fiscal second-quarter results more than doubled from a year earlier and topped Wall Street's expectations late Wednesday amid record data center sales. Nvidia expects fiscal 2028 revenue to grow about 70% year over year.The chipmaking giant offered a surprisingly strong sales outlook, while its gross margin guidance provided clarity amid rising memory costs, Morgan Stanley said in a note.Salesforce (CRM) shares soared 21% intraday Thursday, the best performer on both the S&P 500 and the Dow. The customer relationship management platform late Wednesday increased its full-year revenue guidance after delivering a fiscal second-quarter beat.CrowdStrike (CRWD) surged 19% intraday Thursday, the second-steepest rise on the S&P 500. The company late Wednesday raised its full-year net new annual recurring revenue amid increasing demand for cybersecurity solutions to address artificial intelligence risks. CrowdStrike reported better-than-expected fiscal second-quarter results.Hormel Foods (HRL) was the worst performer on the S&P 500 intraday Thursday, down 9.2%. The company lowered its fiscal 2026 sales outlook as it reported mixed third-quarter results, with the top-line pressured amid a challenging consumer environment.Marvell Technology (MRVL), Workday (WDAY), and Ulta Beauty (ULTA) are scheduled to report after the closing bell Thursday, along with others.US Treasury yields were little changed intraday, with the two- and 10-year yields at 4.22% and 4.67%, respectively.The Federal Reserve's annual economic policy symposium at Jackson Hole, Wyoming, was scheduled to kick off Thursday, with Chair Kevin Warsh slated to speak Friday.Markets are currently pricing in a 66% probability that the central bank's Federal Open Market Committee will keep its benchmark lending rate steady next month, with the remaining odds in favor of a 25-basis-point increase, according to the CME FedWatch tool.West Texas Intermediate crude oil edged up 0.6% to $82.76 a barrel intraday, while Brent rose 1.2% to $88.89.Iran and Oman are working on finalizing a deal that will see both countries share control of the Strait of Hormuz, Reuters reported. Qatari Prime Minister Sheikh Mohammed bin Jassim Al Thani met with Iranian Foreign Minister Abbas Araghchi Thursday and discussed the emerging Hormuz agreement between Tehran and Oman, CNN reported.Spot gold rose 0.5% to $4,612.27 per troy ounce, while silver gained 2.5% to $70.52 per ounce.
US equity markets were mostly trending higher before the opening bell Thursday as traders digest Nvidia's (NVDA) latest financial results and prepare for Federal Reserve Chair Kevin Warsh's speech on Friday.The S&P 500 rose 0.4%, and the Nasdaq increased 1% in premarket activity, while the Dow Jones Industrial Average edged down 0.1%. The three main indexes finished the previous trading session lower, with the Dow snapping a three-day winning streak.Shares of Nvidia jumped 6.9% pre-bell as the tech bellwether's fiscal second-quarter results more than doubled from a year ago and topped Wall Street expectations amid record data center sales.CrowdStrike (CRWD) climbed 9.3% as the firm lifted its full-year net new annual recurring revenue outlook amid increasing demand for cybersecurity to address risks associated with the adoption of artificial intelligence. Salesforce (CRM) spiked 11% after raising its fiscal 2027 guidance.Dollar General (DG) shares gained nearly 13% after the discount retailer beat Wall Street estimates for the fiscal second quarter. Dollar Tree (DLTR) shares fell over 4% after the company's latest quarterly earnings.The Fed's annual economic policy Symposium at Jackson Hole, Wyoming, is set to kick off on Thursday, with Warsh scheduled to speak on Friday.Markets are currently pricing in a roughly 64% probability that the Federal Open Market Committee will keep its benchmark lending rate steady next month, with the remaining odds in favor of a 25-basis-point increase, according to the CME FedWatch tool.Government data on Wednesday showed that US inflation accelerated sequentially in July, keeping the Fed's preferred gauge for price increases well above its 2% target, while consumer spending growth eased."As long as the month-on-month rate continues to come in close to 0.2%, the annual rate of inflation will converge on 2% over time, but the question is how much more patience the Fed actually has," ING Bank said in a Wednesday report. "Markets continue to price a (25 basis point) rate hike before year-end while economists, in general, still favor an extended pause for policy rates."Treasury yields were up in premarket action, with the two- and 10-year rates each inclining 0.6 basis points to 4.23% and 4.67%, respectively.Iran and Oman are working on finalizing a deal that will see both countries share control of the Strait of Hormuz, Reuters reported.Tehran's Islamic Revolutionary Guard Corps reportedly told state news agency Tasnim that the US is obstructing the Iran-Oman deal, according to a CNBC report. Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim bin Jaber Al Thani is reportedly traveling to Iran on Thursday as part of efforts to de-escalate tensions between Washington and Tehran.West Texas Intermediate crude oil dipped 0.1% to $82.17 a barrel before the open, while Brent nudged 0.4% higher to $88.18.Burlington Stores (BURL), Best Buy (BBY) and Hormel Foods (HRL) are scheduled to release their quarterly earnings before the bell, among others. Marvell Technology (MRVL), Workday (WDAY) and Ulta Beauty (ULTA) post their results after the markets close.Thursday's economic calendar has the international trade in goods data, as well as the retail and wholesale inventories reports, all for July, at 8:30 am ET, along with the weekly jobless claims bulletin. The Kansas City Fed manufacturing index for August is out at 11 am.Gold declined 0.6% to $4,654.79 per troy ounce, while bitcoin gained nearly 2% to $79,982.
Workday's (WDAY) fiscal Q2 setup appears favorable, with stable demand and strong momentum in agentic AI products, with some upside to estimates and a potential increase in fiscal 2027 guidance, Oppenheimer said in a note Monday.Oppenheimer forecasts fiscal Q2 total revenue of $2.6 billion and pro forma EPS of $2.58 for Workday, which the firm said is expected to release quarterly results on Thursday.Partner checks showed positive feedback for Workday's AI business, midmarket and certain verticals, while decision delays, IT budget pressure and slow customer employment growth were the less optimistic feedback, the firm said.Oppenheimer maintained the company's outperform rating and raised its price target to $220 from $165.Price: $199.73, Change: $-0.28, Percent Change: -0.14%
Workday (WDAY) shares fell 4.3% in Monday trading after Deutsche Bank downgraded the stock to hold from buy and raised its price target to $220 per share from $180.BTIG downgraded the stock to neutral from buy.Intraday volume topped 2.54 million shares, compared with the daily average of 5.3 million.Price: $190.13, Change: $-8.55, Percent Change: -4.30%
Workday (WDAY) has an average rating of overweight and mean price target of $180.42, according to analysts polled by FactSet.
Workday (WDAY) has an average rating of overweight and mean price target of $180.42, according to analysts polled by FactSet.
All three major US stock indexes were down slightly in late-morning trading Friday, as the S&P 500 closes a week in which it hit an all-time intraday high, according to media reports.In company news, Workday (WDAY) is in talks to be acquired by private equity firm Silver Lake, Reuters reported Thursday, citing people familiar with the matter. The companies have engaged in recent months, but a deal is not guaranteed, the report said. Workday shares were down 3.9% around noon after soaring in the previous day.Applied Materials (AMAT) reported fiscal Q3 adjusted earnings late Thursday of $3.50 per diluted share, up from $2.48 a year earlier, and above the FactSet consensus estimate of $3.40. Fiscal Q3 revenue was $9.12 billion, up from $7.30 billion a year ago, and above the FactSet consensus of $9 billion. For fiscal Q4, the company expects adjusted EPS of $4.02, plus or minus $0.20, on revenue of $10.25 billion, plus or minus $500 million. Analysts expected EPS of $3.71 on revenue of $9.55 billion. Applied Materials shares were down 5.6%.Nu Holdings (NU) reported a Q2 net income late Thursday of $1.06 billion, up from $637 million a year earlier. Second-quarter revenue was $5.88 billion, up from $3.77 billion a year ago, and above the FactSet consensus of $5.39 billion. Nu shares were up $10.4%.Tesla (TSLA) is planning to reveal its new Roadster as soon as this month at an event that will feature a "flying" stunt, The Information reported Friday. Tesla shares were down 0.9%.Reddit (RDDT) will replace AvalonBay Communities (AVB) on the S&P 500 prior to the opening of trading on Aug. 18, S&P Dow Jones Indices said late Thursday. Reddit shares were up 14.0%.Birkenstock (BIRK) said an entity affiliated with L Catterton launched a $1 billion underwritten secondary offering of the company's shares. Birkenstock shares were down 2.9%.Price: $198.51, Change: $-7.94, Percent Change: -3.85%
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