IBEX Stock Falls Following Q4 Performance: Here's Why?
Portfolio Pulse from Ryan Gustafson
IBEX Limited's shares fell in after-hours trading following the release of its Q4 results and future guidance. The company reported Q4 earnings of 33 cents per share, missing the analyst consensus estimate of 49 cents. Quarterly sales were $124.40 million, also missing the analyst consensus estimate of $125.81 million. The company's guidance for Q1 and full-year 2024 revenues also fell short of estimates. Despite the disappointing results, CEO Bob Dechant expressed optimism about the company's long-term trajectory.
September 13, 2023 | 8:49 pm
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IBEX Limited's Q4 earnings and sales missed analyst estimates, and its Q1 and full-year 2024 revenue guidance also fell short of expectations. This led to a drop in the company's share price.
IBEX Limited's Q4 earnings and sales missed analyst estimates, which is a negative signal to investors. Additionally, the company's Q1 and full-year 2024 revenue guidance fell short of expectations, which could indicate potential future challenges. These factors likely contributed to the drop in the company's share price.
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