Squarespace Expects Q3 Revenue Of $250M-$253M, Up 15%-16% Y/Y; Consensus $245.64M
Portfolio Pulse from Benzinga Newsdesk
Squarespace has projected its Q3 revenue to be between $250M and $253M, representing a 15%-16% increase year-over-year. This estimate surpasses the consensus of $245.64M.
August 08, 2023 | 12:38 pm
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POSITIVE IMPACT
Squarespace's Q3 revenue forecast surpasses the consensus, indicating a potential positive impact on its stock price.
Squarespace's higher than expected Q3 revenue forecast is a positive signal to investors, which could lead to an increase in demand for its stock and subsequently, a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100