Lightspeed Commerce Expects Q3 Revenue $232M-$237M Vs $232.9M Est, FY24 Revenue $890M-$905M (Prior $875M - $900M) Vs $894.2M Est
Portfolio Pulse from Benzinga Newsdesk
Lightspeed Commerce has updated its Q3 and FY24 revenue forecasts. The company now expects Q3 revenue to be between $232M and $237M, compared to the estimated $232.9M. For FY24, the revenue is projected to be between $890M and $905M, an increase from the previous forecast of $875M - $900M, and slightly above the estimated $894.2M.
November 02, 2023 | 11:43 am
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POSITIVE IMPACT
Lightspeed Commerce has revised its Q3 and FY24 revenue forecasts upwards. This could potentially have a positive impact on the company's stock in the short term.
The upward revision of both Q3 and FY24 revenue forecasts by Lightspeed Commerce indicates a positive financial outlook for the company. This could potentially lead to increased investor confidence and a rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100