23andME Sees FY24 Revenue $240M-$250M Vs $262.87M Est.
Portfolio Pulse from Benzinga Newsdesk
23andMe has projected its FY24 revenue to be between $240M-$250M, which is lower than the estimated $262.87M.
November 08, 2023 | 10:51 pm
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NEGATIVE IMPACT
23andMe's lower than expected FY24 revenue forecast could negatively impact its stock price.
23andMe's projected revenue for FY24 is lower than the estimated $262.87M. This shortfall in revenue projection 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