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Workday, RH, Coupa, HealthEquity Stocks Moving On Earnings

Dow Jones futures were little changed late Tuesday, along with S&P 500 futures and Nasdaq futures. Top stocks Workday (WDAY), RH (RH), HealthEquity (HQY) and Coupa (COUP) reported earnings after the close.

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Workday stock boasts an IBD Composite Rating of 96 out of 99. HealthEquity stock has a 98 Composite Rating. RH stock is at 93, while Coupa stock is at 90.

Dow Jones Futures Today

Dow Jones futures were little changed vs. fair value. S&P 500 futures edged higher. Nasdaq 100 futures were up slightly. Keep in mind that overnight action, from Dow Jones futures to individual names such as RH stock or Workday stock, can show big moves. But that often doesn’t translate into actual trading in the next regular session.

In Wednesday’s session, the Dow Jones fell a fraction while the S&P 500 index and Nasdaq composite lost 0.2%, all closing well off session lows.

Workday Earnings

Workday earnings rose 29% to 31 cents while revenue grew 28% to $671.7 million. Both comfortably topped views. The human capital management and financial software maker gave bullish Q3 subscription targets.

But Workday stock fell 3% in late trade. Shares had closed up 1.4% to 156.69, hitting a record high intraday. Workday stock has rallied for seven straight sessions and 19 of the past 21.

RH Earnings

RH earnings of $2.49 a share crushed views for $1.74. But the upscale home furnishings retailer formerly known as Restoration Hardware fell short on revenue and same-store sales. RH said it continues to “prioritize earnings over revenue growth” as it raised full-year EPS views but pared revenue targets.

RH stock sank 3.7% in volatile after-hours trading. In Tuesday’s regular session, RH stock briefly edged past a 161.49 cup-with-handle buy point but reversed to close down 4.9% at 151.28.

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Coupa Software Earnings

Coupa Software earnings came in at 5 cents a share, defying views for a 9-cent loss. It may not have been a complete surprise. The business software maker beat EPS estimates by at least 6 cents in the prior six Coupa earnings reports, including a 10-cent beat in Q1 and 17 cents in Q4 2017.

Revenue grew 38.5% to $61.7 million.

Coupa Software gave bullish guidance and announced it’s bought the tech assets of software company DCR Workforce for an undisclosed amount.

Coupa stock shot up 12% to 80.80 late. Shares rose 0.4% to 72 during Wednesday’s session. That was a record close and just below last week’s intraday best of 72.36.

HealthEquity Earnings

HealthEquity earnings per share hit 34 cents a share, comfortably topping estimates for 28 cents. Revenue for the health savings account specialist came in $71.1 million. Assets under custody rose 31% to $7 billion. HealthEquity raised its full-year EPS target by about 5 cents, but that’s after topping Q2 views by 6 cents.

HealthEquity stock fell 5.8% late after initially rising modestly. Shares closed up 0.3% at 94.47, hitting a fresh high intraday.

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