SS&C Sees Q3 EPS $1.13 – $1.21 Vs $1.24 Est.; Revenue $1.355B–$1.395B Vs $1.39B Est.
Portfolio Pulse from Benzinga Newsdesk
SS&C Technologies Holdings, Inc. (SSNC) has projected its Q3 earnings per share (EPS) to be between $1.13 and $1.21, which is lower than the estimated $1.24. The company also expects its revenue to be between $1.355 billion and $1.395 billion, slightly lower than the estimated $1.39 billion.
July 27, 2023 | 8:37 pm
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SS&C's lower than expected Q3 EPS and revenue forecasts may negatively impact its stock price in the short term.
Investors often react to a company's earnings forecasts. If the forecasts are lower than expected, it can lead to a decrease in the company's stock price as investors may perceive this as a sign of potential financial instability or decreased profitability.
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