NICE Stock Tumbles After an Earnings Beat. The Guidance Is Why
NICE Ltd. shares fell 22.9% to $96.35 after the company forecast second-quarter revenue below Wall Street estimates. First-quarter revenue and earnings beat expectations, with cloud revenue up 14.6% and AI annual recurring revenue up 66%. GAAP net income dropped to $46.8 million from $129.3 million a year earlier. NICE cited timing effects from large customer renewals as a factor in the outlook.