Valens Semiconductor Ltd Reaffirmed Q3 Revenue $14.0M-$14.2M Vs $14.1M Est, FY23 Revenue $83.8M-$84.2M Vs $83.97M Est
Portfolio Pulse from Benzinga Newsdesk
Valens Semiconductor Ltd has reaffirmed its Q3 revenue forecast to be between $14.0M-$14.2M, which is in line with the estimated $14.1M. The company also reaffirmed its FY23 revenue forecast to be between $83.8M-$84.2M, closely matching the estimated $83.97M.
August 09, 2023 | 10:04 am
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Valens Semiconductor's reaffirmed revenue forecasts for Q3 and FY23 are in line with estimates, indicating stable financial performance.
Valens Semiconductor's reaffirmed revenue forecasts are in line with estimates, which suggests that the company's financial performance is stable and as expected. This is likely to maintain investor confidence and could keep the stock price stable in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100