AudioEye Sees Q3 2023 Revenue $7.8M-$7.9M Vs $8.3M Est
Portfolio Pulse from Benzinga Newsdesk
AudioEye has projected its Q3 2023 revenue to be between $7.8M and $7.9M, which is lower than the estimated $8.3M.
August 10, 2023 | 9:14 pm
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NEGATIVE IMPACT
AudioEye's projected Q3 2023 revenue is lower than the estimated $8.3M, which could negatively impact the company's stock price.
Companies' stock prices often react to their earnings forecasts. In this case, AudioEye's lower than expected revenue projection for Q3 2023 could lead to a negative sentiment among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100