Shares of NICE Ltd (NICE) are plummeting 5.06% in pre-market trading on Thursday, despite the company reporting increased Q2 earnings and raising its full-year guidance. The sharp decline appears to be driven by a slight earnings miss and a disappointing Q3 revenue outlook.

NICE reported second-quarter adjusted earnings of $3.01 per diluted share, up from $2.64 a year earlier but falling short of the $3.02 expected by analysts. While revenue for the quarter rose to $726.7 million from $664.4 million a year ago, beating the consensus estimate of $713.7 million, investors seem to be focusing on the company's forward-looking statements.

For the third quarter, NICE expects adjusted EPS of $3.12 to $3.22 on revenue of $722 million to $732 million. This outlook appears to have disappointed investors, as analysts were anticipating revenue of $736 million. Despite raising its full-year 2025 adjusted EPS guidance to between $12.33 and $12.53, up from the previous $12.28 to $12.48 range, the market reaction suggests that investors were expecting more robust growth from the company.