Nuvei Corp Expects Q3 Revenue $300M-$308M Vs $316.85M Est, FY23 Revenue $1.225B-$1.264B (Prior $1.170B-$1.195B) Vs $1.24B Est
Portfolio Pulse from Benzinga Newsdesk
Nuvei Corp has revised its Q3 revenue forecast to $300M-$308M, lower than the estimated $316.85M. However, the company has increased its FY23 revenue projection to $1.225B-$1.264B from the previous $1.170B-$1.195B, which is still slightly below the estimated $1.24B.

August 09, 2023 | 11:12 am
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NEGATIVE IMPACT
Nuvei Corp's lower Q3 revenue forecast may negatively impact its stock price in the short term. However, the increased FY23 revenue projection could offset this impact.
Nuvei Corp's lower than expected Q3 revenue forecast could lead to a negative sentiment among investors, potentially driving the stock price down. However, the increased FY23 revenue projection, despite being slightly below estimates, indicates a positive long-term outlook, which could mitigate the short-term negative impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100