Arteris Sees Q4 Revenue $11.3M-$12.3M Vs $14.39M Est.; FY23 Revenue $52.5M-$53.5M Vs $55.32M Est.
Portfolio Pulse from Benzinga Newsdesk
Arteris has provided its Q4 and FY23 guidance, expecting Q4 revenue to be between $11.3M-$12.3M, lower than the estimated $14.39M. The company also anticipates FY23 revenue to be between $52.5M-$53.5M, which is less than the estimated $55.32M. The guidance includes forward-looking statements and actual results may differ materially.
November 08, 2023 | 12:53 am
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NEGATIVE IMPACT
Arteris' lower than expected revenue guidance for Q4 and FY23 may negatively impact its stock price in the short term.
Arteris' revenue guidance for Q4 and FY23 is lower than the market estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100