These Analysts Slash Their Forecasts On Vertex After Q2 Results

Vertex, Inc. (NASDAQ:VERX) reported weaker-than-expected sales for the second quarter and cut its FY25 sales guidance below estimates on Wednesday.

Vertex reported quarterly earnings of 15 cents per share which beat the analyst consensus estimate of 14 cents per share. The company reported quarterly sales of $184.559 million which missed the analyst consensus estimate of $184.595 million.

The company lowered its FY2025 sales guidance from $760.00 million-$768.00 million to $750.00 million-$754.00 million.

“This quarter’s results were in line with expectations, with double-digit revenue growth and healthy profitability and cash flow,” said David DeStefano, Vertex’s President, Chief Executive Officer and Chairperson of the Board. “We continue ...