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Workiva (NYSE:WK) Surprises With Q3 Sales But Quarterly Guidance Underwhelms

Financial and compliance reporting software company Workiva (NYSE:WK) reported Q3 FY2023 results beating Wall Street analysts' expectations, with revenue up 19.1% year on year to $158.2 million. Revenue guidance for the full year also exceeded analysts' estimates but next quarter's guidance of $164.5 million was less impressive, coming in 1.31% below expectations. Turning to EPS, Workiva made a non-GAAP loss of $0.65 per share, down from its loss of $0.15 per share in the same quarter last year.

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