Innodata (INOD) shares plunged 6.89% in after-hours trading on Thursday following the release of the company's fourth-quarter earnings results.
The data engineering company reported Q4 diluted earnings per share of $0.25, missing the consensus estimate of $0.26. However, the company's Q4 revenue of $72.4 million exceeded the Ibes estimate of $69.5 million, representing a beat on the top line.
Despite the revenue outperformance, investors appeared to focus on the earnings miss, leading to the significant after-hours decline. The company also provided positive forward guidance, anticipating approximately 35%+ revenue growth in 2026 with expanding customer diversification.
Comments