CI&T Expects Q3 Revenues To Be At Least R$545M At Constant Currency, Down 2% YoY
Portfolio Pulse from Benzinga Newsdesk
CI&T Inc (NYSE:CINT) has revised its FY23 revenue growth forecast down to 4.0%-8.0% YoY, from the previous estimate of 13%-17%. The company also expects Q3 revenues to be at least R$545M, down 2% YoY.
August 18, 2023 | 11:15 am
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CI&T Inc has lowered its FY23 revenue growth forecast, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the company's stock price.
Companies' stock prices are often influenced by their financial performance and future outlook. CI&T's downward revision of its revenue growth forecast could be interpreted by investors as a sign of potential financial instability, which could lead to selling pressure and a decrease in the stock price in the short term.
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