Sight Sciences Cuts FY23 Revenue Guidance From $89M-$94M To $80M-$82M; Est $92.12M
Portfolio Pulse from Benzinga Newsdesk
Sight Sciences has reduced its FY23 revenue guidance from $89M-$94M to $80M-$82M, which is significantly lower than the estimated $92.12M.
September 11, 2023 | 8:12 pm
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Sight Sciences' lowered revenue guidance for FY23 may negatively impact its stock price in the short term.
Companies often see their stock prices fall when they lower their revenue guidance, as it suggests that they may not perform as well as previously expected. In this case, Sight Sciences has significantly lowered its FY23 revenue guidance, which could lead to a decrease in investor confidence and a drop in the stock price.
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