Altair Cuts FY23 Total Revenue Outlook From $614M-$624M To $611M-$621M, Consensus $620.2M
Portfolio Pulse from Benzinga Newsdesk
Altair has reduced its FY23 total revenue outlook from $614M-$624M to $611M-$621M, which is slightly below the consensus estimate of $620.2M.
August 04, 2023 | 2:49 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Altair's lowered revenue outlook for FY23 may negatively impact its stock price in the short term.
Companies' stock prices are often influenced by their revenue outlooks. In this case, Altair's lowered revenue outlook for FY23, which is also below the consensus estimate, could lead to a decrease in its stock price as it indicates potential future financial performance below expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100