Dayforce Inc. (DAY) experienced a decline of 7.56% in Wednesday's trading session following a reported decrease in net income to $10.8 million, down from $45.6 million the previous year. Additionally, the net income per share reduced to $0.07, as opposed to $0.29 previously.
Currently, DAY's stock price stands at $67.81, marking a $3.93 decline from its prior close at $71.74. Throughout the day, the stock has seen variability, peaking at $67.81 and dipping to a low of $63.07. Trading volume reached 1.98 million shares, exceeding the typical average of 1.5 million. Over the past year, the stock has fluctuated between $47.08 and $82.69.
Despite the decline in net income and earnings per share, it's important to note the positive financial indicators; adjusted net income increased to $97.1 million from $80.3 million, while adjusted earnings per share rose to $0.60 from $0.50.
The decrease in the unadjusted figures has affected the stock price; however, the growth in adjusted metrics indicates a robust underlying performance of the company.
