Asure Software Shares Drop 20% on 3Q Earnings Miss, Lower Guidance

Dow Jones

2024-11-01

By Stephen Nakrosis

Shares of Asure Software tumbled in after-hours trading following earnings results that fell short of some analysts' estimates.

The stock slid 20% to $7.91 post-market after ending the regular session up 2.8% at $9.92. The shares are up 4.2% this year.

Asure reported a third-quarter loss per share of 15 cents on revenue of $29.3 million. In the year-ago period, the company reported a loss per share of 10 cents on revenue of $29.3 million.

Analysts expected a loss of 3 cents on revenue of $31.3 million, according to FactSet.

The company cut its revenue guidance for this year to $119 million to $121 million from a previous range of $123 million to $129 million.

Asure also said it expects 2025 revenue of $134 million to $138 million.

The company also said it entered an agreement with Roth Capital Partners for the offer and sale of its common stock.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

October 31, 2024 19:19 ET (23:19 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The shares are up 4.2% this year. \n</p>\n<p>\n  Asure reported a third-quarter loss per share of 15 cents on revenue of $29.3 million. 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The shares are up 4.2% this year. \n</p>\n<p>\n  Asure reported a third-quarter loss per share of 15 cents on revenue of $29.3 million. In the year-ago period, the company reported a loss per share of 10 cents on revenue of $29.3 million. \n</p>\n<p>\n  Analysts expected a loss of 3 cents on revenue of $31.3 million, according to FactSet. \n</p>\n<p>\n  The company cut its revenue guidance for this year to $119 million to $121 million from a previous range of $123 million to $129 million. \n</p>\n<p>\n  Asure also said it expects 2025 revenue of $134 million to $138 million. \n</p>\n<p>\n  The company also said it entered an agreement with Roth Capital Partners for the offer and sale of its common stock. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2024 19:19 ET (23:19 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480943270","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480943270","pubTimestamp":1730416740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Asure Software tumbled in after-hours trading following earnings results that fell short of some analysts' estimates.The stock slid 20% to $7.91 post-market after ending the regular session up 2.8% at $9.92. 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The shares are up 4.2% this year. \n\n\n  Asure reported a third-quarter loss per share of 15 cents on revenue of $29.3 million. In the year-ago period, the company reported a loss per share of 10 cents on revenue of $29.3 million. \n\n\n  Analysts expected a loss of 3 cents on revenue of $31.3 million, according to FactSet. \n\n\n  The company cut its revenue guidance for this year to $119 million to $121 million from a previous range of $123 million to $129 million. \n\n\n  Asure also said it expects 2025 revenue of $134 million to $138 million. \n\n\n  The company also said it entered an agreement with Roth Capital Partners for the offer and sale of its common stock. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 31, 2024 19:19 ET (23:19 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}