BUZZ-Donnelley Financial hits one-year low after downbeat Q1 forecast

Shares of financial compliance firm Donnelley Financial Solutions DFIN.N plunge as much as 18.4%, hitting their lowest since November 2023; last down 17.1% at $54.59

DFIN expects Q1 net sales between $190 million and $200 million, compared with Wall Street expectations of $208.2 million, according to estimates compiled by LSEG

CFO Dave Gardella told analysts the firm expects macroeconomic headwinds, market volatility and geopolitical factors to continue to weigh on deal activity

Q4 net sales fell 11.4% to $156.3 million, missing analysts' expectations of $169.2 million

The sales were hit by a decline in secondary and follow-on stock offerings, limited market activity in the Asia Pacific region, and the firm deprioritizing certain "lower quality" blank-check deals, Gardella said