Olo Sees Q4 Revenue $58.5M-$59M Vs $56.94M Est.; FY23 Revenue $223.8M-$224.3M Vs $220.74M Est.
Portfolio Pulse from Benzinga Newsdesk
Olo has issued its financial outlook for Q4 2023 and FY 2023. The company expects Q4 revenue to be between $58.5M-$59M, surpassing the estimated $56.94M. For FY 2023, Olo anticipates revenue in the range of $223.8M-$224.3M, higher than the estimated $220.74M. The outlook is based on several assumptions and is subject to risks, with actual results potentially varying due to numerous factors.
November 06, 2023 | 10:16 pm
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POSITIVE IMPACT
Olo's projected Q4 2023 and FY 2023 revenues exceed estimates, which could positively impact the company's stock in the short term, assuming the projections are accurate and the market reacts favorably.
Olo's projected revenues for Q4 2023 and FY 2023 are higher than estimates. If these projections are accurate, and the market reacts favorably, this could lead to a positive impact on the company's stock in the short term. However, the outlook is based on several assumptions and is subject to risks, which could lead to actual results varying.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100