KORE Group Holdings Sees FY23 Revenue $280M-$290M vs $298.87M Est.
Portfolio Pulse from Benzinga Newsdesk
KORE Group Holdings has projected its FY23 revenue to be between $280M and $290M, which is lower than the estimated $298.87M.
November 09, 2023 | 10:48 pm
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NEGATIVE IMPACT
KORE Group Holdings' lower than expected FY23 revenue forecast could negatively impact its stock price.
Companies' stock prices are often influenced by their financial performance. KORE Group Holdings' lower than expected revenue forecast for FY23 could be seen as a negative signal by investors, potentially leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100