NICE Ltd (NASDAQ:NICE) shares plunged 6.00% in pre-market trading on Thursday, despite reporting better-than-expected first-quarter earnings and providing an optimistic full-year outlook. The sharp decline suggests that investors may be focusing on other aspects of the company's performance or broader market trends.

NICE reported quarterly earnings of $2.87 per share, surpassing the analyst consensus estimate of $2.85 by 0.7%. This represents an 11.24% increase from the same period last year. However, the company's quarterly sales of $700.19 million fell slightly short of expectations, missing the analyst consensus estimate of $701.39 million by 0.17%. Despite the minor sales miss, this still marks a 6.20% increase over the previous year's sales of $659.31 million.

Adding to the mixed signals, NICE provided a positive outlook for the full year 2025, expecting adjusted earnings per share in the range of $12.28 to $12.48, which is above the FactSet estimate of $12.19. The disconnect between the company's seemingly strong performance and the stock's significant drop may indicate that investors had even higher expectations or are reacting to other factors not immediately apparent in the financial results. As the trading day progresses, it will be interesting to see if NICE can recover from this early morning sell-off.