American Software shares are trading lower after the company reported worse-than-expected Q4 revenue results and issued FY24 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
American Software reported lower-than-expected Q4 revenue results and issued FY24 revenue guidance, causing its shares to trade lower.
June 09, 2023 | 3:32 pm
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NEGATIVE IMPACT
American Software's shares are trading lower due to worse-than-expected Q4 revenue results and FY24 revenue guidance.
American Software's lower-than-expected Q4 revenue results and FY24 revenue guidance directly impact the company's stock price, as investors may perceive this as a sign of weak financial performance. This could lead to a decrease in demand for the stock, causing its price to drop in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100