Funko Revises FY23 Revenue To $1.05B-$1.12B From $1.19B-$1.26B Vs $1.2B Est.
Portfolio Pulse from Happy Mohamed
Funko has revised its FY23 revenue forecast downwards to $1.05B-$1.12B from the previous $1.19B-$1.26B, which is below the estimated $1.2B.
August 04, 2023 | 2:47 pm
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NEGATIVE IMPACT
Funko's revised FY23 revenue forecast is lower than previously expected and below the estimated $1.2B, which could negatively impact its stock price.
Funko's revised FY23 revenue forecast is lower than previously expected and below the estimated $1.2B. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100