BUZZ-Dayforce falls on downbeat Q1 revenue forecast
ReutersFeb 5, 2025 1:29 PM
Shares of payroll firm Dayforce DAY.N fall 3.1% to $69.50 in premarket trading
The company expects first-quarter total revenue, excluding float, between $421 mln and $427 mln, below analysts' ests of $482.4 mln - data compiled by LSEG
DAY under pressure as hiring slows down in U.S. labor market, translating to diminishing demand for its payroll services
DAY posted Q4 revenue of 465.2 mln vs ests. of $455.1 mln
On an adjusted basis, co earned 60 cents per share in the quarter, compared with ests of 58 cents per share
In 2024, the stock rose 8.2%
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