Vertex Raised FY23 Revenues To $562.5M-$564.5M From $556M to $562M Vs. $559.82M Est., Adj. EBITDA To $96.3M-$98.3M From $93M to $97M
Portfolio Pulse from Benzinga Newsdesk
Vertex Inc. has increased its FY23 revenue forecast to $562.5M-$564.5M, up from the previous estimate of $556M-$562M. The company also raised its adjusted EBITDA projection to $96.3M-$98.3M from $93M-$97M.
November 09, 2023 | 12:15 pm
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POSITIVE IMPACT
Vertex Inc. has raised its FY23 revenue and adjusted EBITDA forecasts. This could potentially lead to a positive market reaction.
Companies that raise their revenue and EBITDA forecasts are often viewed positively by the market as it indicates better than expected performance. This could potentially lead to an increase in Vertex Inc.'s stock price.
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