Why Ceridian Stock Spiked Today

Shares of Ceridian HCM Holding Inc. (NYSE: CDAY), a human capital software company, were climbing today after the company's second-quarter results beat analysts' consensus top- and bottom-line estimates.

The tech stock had gained 10.4% as of 2:52 p.m. ET. 

The company reported Q2 revenue of $301.2 million, which was an increase of 20% year over year and ahead of Wall Street's consensus average of about $294.5 million. Ceridian's non-GAAP (generally accepted accounting principles) earnings of $0.21 per share -- up from $0.12 in the year-ago quarter -- were also far ahead of analysts' consensus estimate of $0.11 per share. 

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Source Fool.com