Shares of Ibex Limited fell after the company’s revenue rose less than expected.
The stock was down 12% to $16 in after-hours trading, after falling 2.2% at Wednesday’s close. Shares are down 27% this year.
The Washington-based customer engagement technology provider said revenue rose 0.7% in the fiscal fourth quarter to $124.4 million, missing the $125.9 million forecast by analysts, according to FactSet. Ibex said lower onshore revenue and weaker macroeconomic conditions weighed on results.
Ibex posted a profit of $4.51 million, or 24 cents, in the three months ended June 30, compared with $6.42 million, or 35 cents a share, a year earlier.
Adjusted for certain one-time items, earnings per share came in at 33 cents, below the 49 cents predicted by analysts, according to FactSet. The company noted the absence of a one-time deferred tax benefit hurt results.