07:59 AM EDT, 05/01/2024 (MT Newswires) -- Dayforce ( DAY ) , a provider of human resources software and services, reported Wednesday first-quarter net earnings of US$7.1 million, or US$0.04 per diluted share, down from US$9.9 million, or US$0.06 per diluted share, a year earlier.

Analysts polled by Capital IQ expected US$0.20.

On an adjusted basis, the company reported first-quarter net income of US$68 million, or US$0.43 per diluted share, up from US$49.3 million, or US$$0.31 per diluted share, a year ago. Analysts surveyed by Capital IQ expected US$0.42.

Revenue for the quarter ended March 31 rose 16% to US$431.5 million from US$370.6 million a year earlier. Analysts surveyed by Capital IQ expected US$425.9 million.

For the second quarter, the company is expecting revenue of US$414 million to US$419 million, up 13% to 15% on a GAAP and constant currency basis.

Analysts polled by Capital IQ are expecting US$417.6 million.

For the full year of 2024, the company is expecting revenue of US$1.73 billion to US$1.74 billion, up 14% to 15% on a GAAP and constant currency basis. Analysts surveyed by Capital IQ are expecting US$1.73 billion.

Dayforce's ( DAY ) shares, which edged up 0.4% in premarket US trading on Wednesday, lost 1.4% in Canada yesterday.