Dayforce Stock Drops 7% Following Decline In Net Income

(RTTNews) - Dayforce Inc. (DAY) is down by 7.56 percent during Wednesday trading after reporting a significant drop in net income to $10.8 million, compared to $45.6 million last year. The company also reported a decrease in net income per share to $0.07, compared to $0.29.

DAY is currently trading at $67.81, down $3.93 from the previous close of $71.74. The stock has fluctuated today, reaching a high of $67.81 and a low of $63.07. Trading volume has reached 1.98 million shares, surpassing the average volume of 1.5 million. The range for the stock is $47.08 to $82.69 for the past year.

Notably, adjusted net income rose to $97.1 million from $80.3 million, with adjusted net income per share increasing to $0.60 from $0.50.

The drop in net income and net income per share has impacted the stock price, but the rise in adjusted figures suggests underlying strength in the company's performance.