Why E2open Stock Is Falling After Hours (CORRECTED)
Portfolio Pulse from Ryan Gustafson
E2open Parent Holdings Inc (NYSE:ETWO) reported Q2 earnings of four cents per share, missing the analyst consensus estimate of five cents. The company also reported quarterly sales of $157.70 million, missing the analyst consensus estimate of $159.66 million. The company's shares fell 9.34% in the after-hours session. E2open anticipates full-year 2024 subscription revenue to be between $530 million and $538 million and total revenue to be between $625 million and $635 million.
October 10, 2023 | 8:48 pm
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E2open's Q2 earnings and sales missed analyst estimates, leading to a drop in its stock price. The company's future revenue projections may influence investor sentiment.
E2open's lower-than-expected Q2 earnings and sales are likely to negatively impact its stock price in the short term. However, the company's future revenue projections may influence investor sentiment and could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100