BUZZ-Dayforce falls on downbeat Q1 revenue forecast

Reuters

2025/02/05

BUZZ-<a href="https://laohu8.com/S/DAY">Dayforce</a> falls on downbeat Q1 revenue forecast

** Shares of payroll firm Dayforce DAY.N fall 3.1% to $69.50 in premarket trading

** The company expects first-quarter total revenue, excluding float, between $421 mln and $427 mln, below analysts' ests of $482.4 mln - data compiled by LSEG

** DAY under pressure as hiring slows down in U.S. labor market, translating to diminishing demand for its payroll services

** DAY posted Q4 revenue of 465.2 mln vs ests. of $455.1 mln

** On an adjusted basis, co earned 60 cents per share in the quarter, compared with ests of 58 cents per share

** In 2024, the stock rose 8.2%

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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