Deluxe Corporation's (DLX) stock plummeted 8.37% in the pre-market session on Thursday, following the release of its mixed 2024 fourth-quarter earnings results.
The company reported disappointing financial performance, which fell short of analysts' expectations and raised concerns among investors about its future growth prospects. The earnings release highlighted several key factors that likely contributed to the significant stock price drop:
- Revenue declined year-over-year, missing consensus estimates, indicating challenges in sustaining growth in its core businesses. - Earnings per share (EPS) also failed to meet Wall Street projections, suggesting pressure on profitability margins. - Guidance for the upcoming quarters was lackluster, with the company projecting lower-than-anticipated revenue and earnings, citing headwinds such as increased competition and macroeconomic uncertainties.
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