Pegasystems Inc. (PEGA) stock tumbled 5.5% in the after-hours trading session on Wednesday, February 12, 2025, following the company's fourth-quarter 2024 earnings release.
The enterprise software company reported Q4 non-GAAP earnings of $1.61 per diluted share, beating analysts' estimates of $1.47. However, revenue for the quarter came in at $490.8 million, missing the consensus estimate of $471.2 million.
While Pegasystems managed to surpass earnings expectations, the revenue miss appears to have disappointed investors, leading to the sharp after-hours sell-off in the stock. The company's shares were down around 4% immediately after the earnings release.
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