Pegasystems Inc. (PEGA) saw its stock price plummet by 11.69% during intraday trading on Tuesday, following the release of its first-quarter 2026 financial results that fell short of analyst expectations.
The software company reported revenue of $429.973 million, missing the IBES estimate of $458.8 million. Additionally, Pegasystems posted adjusted earnings per share of $0.46, significantly below the estimated $0.66, while adjusted net income came in at $83.068 million compared to the expected $122.2 million.
These disappointing quarterly results, with misses on both top and bottom lines, prompted a sharp sell-off in Pegasystems shares as investors reacted to the weaker-than-anticipated financial performance.
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