Stock Track | Nice Ltd Plunges 5% Pre-market on Weak Q3 Revenue Guidance Despite Q2 Earnings Beat

Stock Track
Aug 14

Shares of Nice Ltd (NICE) tumbled 5.06% in pre-market trading on Thursday following the company's release of its second-quarter earnings report and third-quarter guidance. While the company posted better-than-expected Q2 results, investors appeared to focus on the disappointing revenue outlook for the upcoming quarter.

Nice Ltd reported Q2 adjusted earnings of $3.01 per share, up from $2.64 a year earlier and just a penny shy of analysts' expectations. Revenue for the quarter came in at $726.7 million, surpassing the consensus estimate of $713.7 million and marking a 9.38% increase from the same period last year.

However, the company's Q3 guidance seems to have spooked investors. Nice Ltd expects Q3 revenue between $722 million and $732 million, falling short of analysts' projections of $736 million. The earnings guidance for Q3, set at $3.12 to $3.22 per share, also has a midpoint slightly below the $3.19 expected by analysts. This conservative outlook appears to be the primary driver behind the stock's pre-market decline, overshadowing the company's solid Q2 performance and raised full-year earnings guidance.

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