Iridex Sees FY23 Revenue $55M-$57M Vs $58.05M Est
Portfolio Pulse from Benzinga Newsdesk
Iridex Corporation has projected its FY23 revenue to be between $55M-$57M, which is lower than the estimated $58.05M.
August 10, 2023 | 9:18 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Iridex Corporation's projected FY23 revenue is lower than the estimated $58.05M, which could negatively impact its stock price.
Companies' stock prices often react to their financial forecasts. In this case, Iridex's lower-than-expected revenue projection for FY23 could lead to a decrease in its stock price as it indicates potential financial underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100