Taboola.com Raises FY2023 Sales Guidance from $1.43B-$1.47B to $1.438B-$1.469B Vs. $1.45B Estimate
Portfolio Pulse from Benzinga Newsdesk
Taboola.com has raised its FY2023 sales guidance from $1.43B-$1.47B to $1.438B-$1.469B, slightly above the $1.45B estimate. The company's Q3 2023 guidance includes revenues of $331M-$357M, gross profit of $83M-$95M, ex-TAC gross profit of $112M-$124M, adjusted EBITDA of ($2M)-$10M, and non-GAAP net income (loss) of ($20M)-($8M).
August 09, 2023 | 10:29 am
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Taboola.com has raised its FY2023 sales guidance, which could positively impact its stock price.
Companies often see their stock prices increase when they raise their sales guidance, as it indicates that they expect to perform better than previously anticipated. This is particularly true if the new guidance is above analysts' estimates, as is the case with Taboola.com.
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