Cepton Sees FY23 Revenue $9M-$11M Vs $17.06M Est.
Portfolio Pulse from Benzinga Newsdesk
Cepton has projected its FY23 revenue to be between $9M-$11M, which is significantly lower than the estimated $17.06M.
November 09, 2023 | 10:58 pm
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Cepton's lower than expected FY23 revenue forecast could negatively impact its stock price.
Companies' stock prices are often influenced by their earnings forecasts. If a company's forecast is lower than expected, it can lead to a decrease in the stock price as investors may perceive this as a sign of potential financial instability or decreased profitability.
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