Taboola.Com Expects Q4 Revenue Of $418M-$449M Vs. $450.21M Estimate, Forecasts Q4 Gross Profit Of $132M-$148M, Sees Q4 Adjusted Net Income (Loss) Of ($3)M-$2M
Portfolio Pulse from Benzinga Newsdesk
Taboola.Com has provided its Q4 financial forecast, expecting revenue of $418M-$449M, which is below the estimated $450.21M. The company also anticipates a Q4 gross profit of $132M-$148M and an adjusted net income (loss) of ($3)M-$2M.
November 08, 2023 | 11:21 am
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Taboola.Com's Q4 revenue forecast is lower than the estimated $450.21M, which could negatively impact the company's stock price.
Taboola.Com's Q4 revenue forecast is lower than the market's estimate. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100