Deluxe (NYSE:DLX) stock experienced a 5.39% plummet in the pre-market session on Friday, following the release of its full-year 2024 earnings report.
While the company reported a 102% increase in net income and a higher profit margin of 2.5% (up from 1.2% in 2023), its revenue and earnings per share (EPS) fell short of analyst expectations.
Deluxe's revenue for the year declined by 3.2% to $2.12 billion, missing projections. Additionally, its EPS of $1.18 missed analyst estimates by 8.9%, despite the substantial increase from the previous year's $0.60.
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