11:59 AM EDT, 08/06/2025 (MT Newswires) -- (Updates with recent share movement in the headline and first paragraph.)

Vertex (VERX) shares were down over 22% in recent Wednesday trading after the company reported Q2 results and issued Q3 and full-year revenue guidance below analysts' expectations.

Vertex reported Q2 adjusted earnings of $0.15 per diluted share, unchanged from a year earlier. Analysts surveyed by FactSet expected $0.14.

Revenue for the quarter ended June 30 was $184.6 million, up from $161.1 million a year earlier. That result matched the average estimate of analysts polled by FactSet.

The company said it expects Q3 revenue to be between $190 million and $193 million. Analysts surveyed by FactSet expect $195.8 million.

Revenue for the current year is projected to be $750 million to $754 million, the company said, which is down from a prior outlook of $760 million to $768 million. Analysts polled by FactSet expect $763.4 million.

Price: 25.61, Change: -7.46, Percent Change: -22.56