ASGN Inc's stock plummeted 10.58% in pre-market trading following the release of its fourth-quarter financial results.

The company reported adjusted earnings of $1.15 per diluted share for Q4, down from $1.28 a year earlier and below analysts' expectations of $1.18. Revenue also declined to $980.1 million from $985 million in the prior year, although it slightly exceeded estimates.

ASGN provided guidance for the first quarter, forecasting adjusted earnings between $0.93 and $1.02 per share and revenue in the range of $960 million to $980 million. Meanwhile, Wells Fargo raised its target price for ASGN to $54 from $49, but this positive note was overshadowed by the disappointing earnings performance.