SPS Commerce Cuts FY25 Sales Guidance, Analysts Slash Forecasts After Q3 Results

SPS Commerce reported Q3 earnings of $1.13 per share, beating estimates, but missed sales expectations of $191.8 million. The company cut its FY25 sales guidance below estimates and issued Q4 guidance below estimates. SPS Commerce shares fell 1.2% to close at $103.89. Analysts downgraded the company and lowered price targets, citing ongoing global trade and economic uncertainty and spend scrutiny.