Why Lightspeed Commerce Shares Are Plunging Today
Portfolio Pulse from Nabaparna Bhattacharya
Lightspeed Commerce Inc. (NYSE:LSPD) reported Q4 FY23 revenue growth of 26% YoY to $184.2 million, missing the consensus estimate of $184.91 million. The company registered a break-even adjusted EPS of $0.00, beating the analyst consensus of ($0.03) loss. LSPD shares are trading lower by 13.1%.
May 18, 2023 | 3:06 pm
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Lightspeed Commerce missed Q4 FY23 revenue estimates and shares are trading lower by 13.1%.
Lightspeed Commerce reported lower-than-expected Q4 FY23 revenue, which is a key metric for investors. This miss has led to a negative market reaction, causing the stock price to drop by 13.1%. The lower revenue figures may raise concerns about the company's growth prospects, leading to a short-term negative impact on the stock price.
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