Why Shares of Ceridian Tumbled Today

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Shares of Ceridian HCM Holding Inc. (NYSE: CDAY), a human capital management software company, fell today after its fourth-quarter results fell short of some analysts’ estimates. 

The tech stock fell by as much as 12.9% today and was down 10.1% as of 12:57 p.m. EST.

Ceridian reported total revenue for the fourth quarter of $222.8 million, an increase of less than 1% from the year-ago quarter. But it was the company’s earnings that likely disappointed investors. Ceridian’s non-GAAP earnings per share of $0.09 fell short of the high end of analysts’ consensus earnings estimate of $0.11 per share. 

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