10 Firms Defy Wednesday’s Broader Market Optimism

7. Dayforce Inc. (NYSE:DAY)

Dayforce shares dived by 8 percent on Wednesday to end at $66 apiece as investors sold off positions following disappointing earnings performance last year.

In its latest earnings release, Dayforce said net income for the fourth quarter of the year plummeted by 76 percent to $10.8 million from the $45.6 million registered in the same period last year, while net profit for the full year 2024 dived 67 percent to $18.1 million from the $54.8 million registered in 2023.

This came despite achieving a 16-percent increase in revenues for both the fourth quarter and full year 2024.

For this year, however, Dayforce is looking to book total revenues between $421 million and $427 million for the fourth quarter, and a full-year revenue guidance of between $1.75 billion and $1.76 billion.

“We are optimistic about 2025 as current and prospective customers continue to recognize the value the Dayforce platform provides as they streamline HCM processes and navigate compliance complexities,” Dayforce Chairman and CEO David Ossip said.