Altair Expects Q3 Total Revenue Of $126M-$128M, Consensus $134.26M
Portfolio Pulse from Benzinga Newsdesk
Altair has announced that it expects its Q3 total revenue to be between $126M and $128M, which is below the consensus estimate of $134.26M.
August 04, 2023 | 2:43 pm
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NEGATIVE IMPACT
Altair's lower than expected Q3 revenue forecast could negatively impact its stock price in the short term.
Companies' stock prices often react to earnings forecasts. In this case, Altair's lower than expected Q3 revenue forecast could lead to a decrease in its stock price as it indicates potential financial underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100