Vertex, Inc. (VERX) stock plunged 7.55% in Thursday's pre-market trading following the release of the company's fourth-quarter earnings report and underwhelming guidance for the current quarter and full year.
While Vertex's Q4 earnings of $0.15 per share managed to beat analysts' expectations of $0.14, the company reported a substantial net loss of $67.8 million for the quarter. Furthermore, Vertex's revenue guidance for the first quarter of 2025 and the full year fell short of Wall Street's projections.
For the current quarter ending in March, Vertex expects revenue in the range of $175 million to $178 million, while analysts were likely anticipating a higher figure. Similarly, the company's full-year revenue guidance of $760 million to $768 million also failed to meet market expectations, potentially raising concerns about Vertex's growth prospects.
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