SS&C Technologies Q3 Adjusted Earnings, Revenue Increase; Sets Q4 Outlook; Updates 2024 Guidance -- Shares Drop

MT Newswires Live10-25

SS&C Technologies (SSNC) reported Q3 adjusted earnings late Thursday of $1.29 per diluted share, up from $1.17 a year earlier.

Analysts polled by Capital IQ expected $1.26.

Revenue for the quarter ended Sept. 30 was $1.47 billion, up from $1.37 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.44 billion.

For Q4, the software firm is projecting adjusted EPS of $1.29 to $1.35 on adjusted revenue of $1.46 billion to $1.50 billion. Analysts are looking for $1.35 and $1.47 billion, respectively.

For 2024, SS&C raised its adjusted EPS guidance to $5.12 to $5.18 from $4.98 to $5.22. Analysts polled by Capital IQ expect $5.16. The company also narrowed its adjusted revenue forecast to $5.82 billion to $5.86 billion from $5.71 billion to $5.87 billion. Analysts expect $5.80 billion.

Shares of SS&C Technologies were down 3.5% in after-hours activity.

Price: 72.94, Change: -2.21, Percent Change: -2.94

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