Why Accolade Stock Is Falling After-Hours
Portfolio Pulse from Ryan Gustafson
Accolade, Inc. (NASDAQ:ACCD) shares fell in after-hours trading following the company's Q2 2024 earnings announcement. Despite beating sales estimates, the company's shares dropped by 9.23%. Accolade anticipates Q3 revenue to be between $95 million and $97 million, and full-year 2024 revenue between $410 million and $414 million.
October 04, 2023 | 8:37 pm
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Accolade's shares fell by 9.23% in after-hours trading despite beating Q2 sales estimates. The company's Q3 and full-year 2024 revenue guidance is also in line with estimates.
Accolade's shares fell in after-hours trading despite the company beating Q2 sales estimates. This could be due to investors' concerns about other aspects of the company's performance or future prospects. The company's Q3 and full-year 2024 revenue guidance is also in line with estimates, which might not have been enough to boost investor confidence.
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