Why Nice Stock Sank Today
Shares of leading enterprise software provider Nice (NASDAQ: NICE) had dropped 7% as of 11 a.m. ET on Thursday, according to data provided by S&P Global Market Intelligence. Nice reported second-quarter earnings this morning and saw sales and adjusted earnings per share (EPS) rise 9% and 14%, respectively.
However, management's conservative guidance for just 5% sales growth and 10% EPS growth left the market hoping for more. Despite this initial reaction, there was a lot to like about Nice's quarter if we dig a little deeper into the figures.
Perhaps the most essential item from the second-quarter report was that its artificial intelligence (AI) and self-service solutions grew sales by 42% -- up from 39% last quarter.
Source Fool.com
