BUZZ-Vertex slides on downbeat Q1 forecast
ReutersFeb 27, 2025 6:36 PM
Shares of tax solutions provider Vertex Inc VERX.O down 17.01% at $35.38, lowest level since September 11, 2024
Company forecasts first-quarter revenue of $175 million to $178 million, below analysts' estimate of $180 million, per data compiled by LSEG
Company also reports fourth-quarter revenue of $178.5 million, above analysts' estimate of $176.9 million
Posts quarterly adj EPS of $0.15, above analysts' estimate of $0.14
Company expects FY 2025 revenue of $760 million to $768 million
VERX's shares rose about 98% in 2024
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