Domo shares are trading lower after the company issued below consensus Q3 outlook and lowered FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Domo Inc. has issued a below consensus Q3 outlook and lowered its FY24 guidance, leading to a decrease in its share price.
August 25, 2023 | 10:08 am
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Domo's shares are expected to trade lower due to the company's below consensus Q3 outlook and lowered FY24 guidance.
Domo's shares are trading lower as the company has issued a below consensus Q3 outlook and lowered its FY24 guidance. This indicates that the company's performance may not meet market expectations, which negatively impacts investor sentiment and puts downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100