Freightos Cuts FY23 Revenue Outlook From $21.2M-$23.1M To $20.0M-$21.2M; Consensus $22.36M
Portfolio Pulse from Benzinga Newsdesk
Freightos has reduced its FY23 revenue outlook from $21.2M-$23.1M to $20.0M-$21.2M, which is below the consensus estimate of $22.36M.
July 11, 2023 | 10:08 am
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Freightos, which may be related to CRGO, has lowered its FY23 revenue outlook, which could negatively impact CRGO's stock price.
Freightos' lowered revenue outlook could indicate potential business challenges or reduced market demand, which could negatively affect related companies like CRGO. Investors may react negatively to this news, leading to a potential decrease in CRGO's stock price.
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RELEVANCE 75