NICE Systems Earnings: Here’s Why the Stock is Falling Now
NICE Systems Ltd. (NASDAQ:NICE) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.71%.
NICE Systems Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 7.02% to $0.61 in the quarter versus EPS of $0.57 in the year-earlier quarter.
Revenue: Rose 6.82% to $224.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NICE Systems Ltd. reported adjusted EPS income of $0.61 per share. By that measure, the company missed the mean analyst estimate of $0.61. It missed the average revenue estimate of $226.93 million.
Quoting Management: “We are pleased to report another quarter of profitable growth at NICE and we believe we are on track to meet our annual expectations. We continue to deliver to our customers the most innovative and industry leading, next generation analytics and advanced applications,” said Zeevi Bregman, President and CEO of NICE Systems.
Key Stats (on next page)…