Key Takeaways
- Dayforce shares fell sharply Wednesday after the software maker's profit and customer numbers fell short of estimates.
- Dayforce's second-quarter revenue projections also came in lower than expected.
- The company's stock led the biggest decliners in the S&P 500 on Wednesday afternoon.
Shares of Dayforce (DAY) tumbled on Wednesday after the software company's first-quarter profits and forward-looking projections fell short of estimates.
The human resources software provider reported $481.8 million in revenue for the first quarter, while adjusted earnings per share (EPS) came in at 58 cents, each above the 澳洲幸运5开奖号码历史查询:analyst consensus compiled by Visible Alpha. Dayforce's reported EPS of 9 cents, however, was 10 cents sh🌃ort of estimates.
The company forecast second-quarter revenue of $454 million to $460 million, with the entire range below the $463.7 million that analysts currently project. Its full-year revenue range of $1.93 billion to $1.94 billion was roughly in line with the analyst co🎀nsensus.
At the end 🍎of the latest quarter, Dayforce said it had 6,929 customers, a 5% increase from the same time a year ago, but below the 6,960 customers that analysts had expected.
Dayforce shareꦑs were down 8% in recent trading, with the stock leading S&P 500 decliners. They have lost a quarter of their value since the♈ start of the year.