AvidXchange Shares Sink After Lower-Than-Expected Outlook

Dow Jones

2025/02/27

By Connor Hart

Shares of AvidXchange Holdings fell to a more than two-year low after the company's 2025 outlook underwhelmed investors.

The stock was trading 18% lower, at $7.46, in midday trading Wednesday, marking a slight rebound from its low of $6.96 earlier in the day. Shares are down 41% in the past year.

Before the bell, the Charlotte, N.C., payments company forecast adjusted per-share earnings of 25 cents to 27 cents for the year, missing analyst views for 34 cents, according to FactSet.

The company also guided for revenue of $453 million to $460 million, below the $483.2 million that analysts modeled.

Chief Executive Michael Praeger said he anticipates continued macroeconomic challenges to hurt revenue in 2025.

For the fourth quarter, AvidXchange reported a profit of $4.7 million, or two cents a share, compared with a loss of $4.5 million, or two cents a share, a year earlier.

Adjusted earnings came in at eight cents a share. Analysts surveyed by FactSet modeled adjusted earnings of seven cents a share.

Revenue increased 11% to $115.4 million, just ahead of the $114.9 million that analysts expected.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

February 26, 2025 11:46 ET (16:46 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts surveyed by FactSet modeled adjusted earnings of seven cents a share. \n</p>\n<p>\n  Revenue increased 11% to $115.4 million, just ahead of the $114.9 million that analysts expected. \n</p>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 26, 2025 11:46 ET (16:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AVDX","symbol_name":"AvidXchange Holdings, Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514502078","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514502078","pubTimestamp":1740588360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of AvidXchange Holdings fell to a more than two-year low after the company's 2025 outlook underwhelmed investors.The stock was trading 18% lower, at $7.46, in midday trading Wednesday, marking a slight rebound from its low of $6.96 earlier in the day. 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Analysts surveyed by FactSet modeled adjusted earnings of seven cents a ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AVDX":"AvidXchange Holdings, Inc","BK4227":"交易和支付处理服务","BK4023":"应用软件","BK4106":"数据处理与外包服务"},"translate_title":"AvidXchange股价因前景低于预期而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AVDX":0.9},"content_text":"By Connor Hart \n\n\n  Shares of AvidXchange Holdings fell to a more than two-year low after the company's 2025 outlook underwhelmed investors. \n\n\n  The stock was trading 18% lower, at $7.46, in midday trading Wednesday, marking a slight rebound from its low of $6.96 earlier in the day. Shares are down 41% in the past year. \n\n\n  Before the bell, the Charlotte, N.C., payments company forecast adjusted per-share earnings of 25 cents to 27 cents for the year, missing analyst views for 34 cents, according to FactSet. \n\n\n  The company also guided for revenue of $453 million to $460 million, below the $483.2 million that analysts modeled. \n\n\n  Chief Executive Michael Praeger said he anticipates continued macroeconomic challenges to hurt revenue in 2025. \n\n\n  For the fourth quarter, AvidXchange reported a profit of $4.7 million, or two cents a share, compared with a loss of $4.5 million, or two cents a share, a year earlier. \n\n\n  Adjusted earnings came in at eight cents a share. Analysts surveyed by FactSet modeled adjusted earnings of seven cents a share. \n\n\n  Revenue increased 11% to $115.4 million, just ahead of the $114.9 million that analysts expected. \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 26, 2025 11:46 ET (16:46 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}