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.