Domo Sees Q3 EPS $(0.10)-$(0.14) Vs $(0.06) Est; Revenue $78.5M-$79.5M Vs $82.07M Est
Portfolio Pulse from Benzinga Newsdesk
Domo Inc. has projected its Q3 earnings per share (EPS) to be between $(0.10) and $(0.14), which is lower than the estimated $(0.06). The company also expects its revenue to be between $78.5M and $79.5M, lower than the estimated $82.07M.
August 24, 2023 | 8:08 pm
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NEGATIVE IMPACT
Domo's projected Q3 EPS and revenue are both lower than estimates, which could negatively impact its stock price in the short term.
Domo's lower-than-expected Q3 earnings and revenue projections could lead to a decrease in investor confidence, potentially causing a short-term drop in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100