Domo Sees FY24 EPS $(0.39)-$(0.47) Vs $(0.35) Est; Revenue $316M-$320M Vs $325.52M Est
Portfolio Pulse from Benzinga Newsdesk
Domo has projected its FY24 EPS to be between $(0.39) and $(0.47), which is lower than the estimated $(0.35). The company also expects its revenue to be between $316M and $320M, falling short of the estimated $325.52M.
August 24, 2023 | 8:09 pm
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NEGATIVE IMPACT
Domo's lower than expected FY24 EPS and revenue projections could negatively impact its stock price in the short term.
Domo's projected FY24 EPS and revenue are both lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100