Cognyte Software (CGNT) reported fiscal Q1 non-GAAP earnings Wednesday of $0.03 per diluted share, down from $0.07 a year earlier.

Four analysts polled by FactSet expected $0.09.

Revenue for the quarter ended April 30 was $105.5 million, compared with $95.5 million a year earlier.

Four analysts surveyed by FactSet expected $105 million.

For fiscal 2027, the company continues to expect adjusted EPS of $0.47 on revenue of $448 million, with a range of plus or minus 3%. Four analysts polled by FactSet $0.47 and $446 million, respectively.

Cognyte shares were down 18% in premarket activity.