WalkMe Sees Q3 Revenue $66M-$68M vs $69.15M st., Sees FY23 Revenue $266M-$270M vs $271.73M Est.
Portfolio Pulse from Benzinga Newsdesk
WalkMe has projected its Q3 revenue to be between $66M-$68M, which is lower than the street estimate of $69.15M. The company also forecasts its FY23 revenue to be between $266M-$270M, again lower than the estimated $271.73M.
August 10, 2023 | 11:02 am
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NEGATIVE IMPACT
WalkMe's lower than expected revenue projections for Q3 and FY23 could negatively impact its stock price in the short term.
WalkMe's projected revenues for Q3 and FY23 are lower than the street estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100