Hour Loop Increases FY23 Revenue Guidance Range To $145M-$153M Vs $135.5M Est.
Portfolio Pulse from Benzinga Newsdesk
Hour Loop has raised its FY23 revenue guidance to a range of $145M-$153M, indicating a 40%-48% year-over-year growth, while maintaining its net income guidance for 2023 at $0.5M-$4M.
November 13, 2023 | 1:41 pm
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Hour Loop has increased its FY23 revenue guidance, which could positively influence investor sentiment and potentially lead to a short-term increase in stock price.
Raising revenue guidance typically signals to investors that a company is performing well and expects stronger financial results than previously anticipated. This can lead to increased investor confidence and a potential rise in the stock price in the short term. However, since net income guidance remains unchanged, this could suggest that the increased revenue may come with higher costs or investments, which may temper the stock price movement.
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