Rollins Inc (NYSE:ROL) dropped 14.7% in premarket trading Thursday after reporting fourth-quarter results that came in below Wall Street forecasts.
The pest control operator posted revenue of $912.9 million for the quarter, up 9.7% year over year but shy of the $926.8 million analysts had expected, according to LSEG data.
Adjusted earnings per share totaled 25 cents, missing consensus estimates of 27 cents.
Company executives pointed to unusually volatile weather conditions during the quarter, which disrupted operations and weighed on demand. Management also flagged ongoing pressure on consumer spending, suggesting softer household budgets may have curbed activity.
The weaker-than-anticipated revenue and profit figures prompted the sharp selloff in early trading as investors reacted to the earnings shortfall.