Huron Consulting Group (HURN) saw its stock price plummet by 5.01% in Friday's pre-market trading session, despite reporting better-than-expected second-quarter earnings and announcing a strategic acquisition. The sharp decline suggests investors may have concerns about the company's recent moves and future outlook.

Late Thursday, Huron reported Q2 adjusted earnings of $1.89 per diluted share, surpassing analyst expectations of $1.79 and showing an increase from $1.68 a year earlier. Revenue before reimbursable expenses came in at $402.5 million, up from $371.7 million in the previous year, but slightly below the FactSet consensus estimate of $402.6 million. The company also raised its 2025 guidance, now expecting adjusted earnings between $7.30 and $7.70 per share on revenue of $1.64 billion to $1.68 billion.

In a separate announcement, Huron revealed its acquisition of Treliant, an advisory and managed services firm serving the financial sector. While the terms of the deal were not disclosed, the company stated that this move would enhance its commercial segment offerings and strengthen its support for financial institutions facing complex regulatory and economic challenges. The acquisition also expands Huron's reach in key European markets. Despite these seemingly positive developments, the market's negative reaction suggests investors may be concerned about potential integration challenges, acquisition costs, or other undisclosed factors related to these recent moves.