Shares of NICE Ltd, a software solutions provider, plummeted 14.63% in premarket trading on Thursday, following the company's earnings release for the fourth quarter of 2024 and guidance for the first quarter and full year of 2025.
The sharp decline was driven by NICE's disappointing earnings guidance for the upcoming first quarter. The company expects its adjusted earnings per share (EPS) for Q1 2025 to range between $2.78 and $2.88, falling short of the FactSet consensus estimate of $2.98 EPS.
Additionally, NICE's revenue guidance for the first quarter of $693 million to $703 million also missed analysts' expectations of $725.3 million. The company's full-year 2025 revenue guidance of $2.92 billion to $2.94 billion was slightly below the FactSet estimate of $3 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.