Bread Financial Holdings, Inc. (BFH) stock is trading down 5.04% in the pre-market session on Thursday, following the release of the company's fourth-quarter financial results that missed analyst expectations.
The financial services company reported adjusted earnings per share of $0.41 for the fourth quarter, falling short of the FactSet consensus estimate of $0.57. Additionally, Bread Financial's revenue for the quarter came in at $926 million, missing the FactSet estimate of $962.8 million.
The disappointing earnings and revenue figures appear to be the primary driver behind the stock's pre-market plunge. Investors reacted negatively to the company's weaker-than-expected performance, leading to a sell-off in the shares.
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