SPS Commerce Sees Q4 2023 Revenue $142.2M-$143.2M Vs $141.53M Est, Sees Non-GAAP Income Per Diluted Share $0.67-$0.69
Portfolio Pulse from Benzinga Newsdesk
SPS Commerce has projected its Q4 2023 revenue to be between $142.2M and $143.2M, which is higher than the estimated $141.53M. The company also expects its non-GAAP income per diluted share to be between $0.67 and $0.69.
October 26, 2023 | 9:18 pm
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POSITIVE IMPACT
SPS Commerce's higher than expected Q4 2023 revenue forecast could potentially lead to a positive impact on its stock price.
SPS Commerce's projected revenue for Q4 2023 is higher than the estimated $141.53M, which could be seen as a positive signal by investors. This could potentially lead to an increase in demand for the company's stock, thereby driving up its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100