Presto Expects Total Revenue For Q2 Of 2024 To Be In The Range Of $4.8M-$5M Vs $5M Est
Portfolio Pulse from Benzinga Newsdesk
Presto (PRST) forecasts its Q2 2024 total revenue to be between $4.8 million and $5 million, which is in line with the estimated $5 million.

November 20, 2023 | 9:26 pm
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Presto anticipates Q2 2024 revenues to be $4.8M-$5M, meeting the $5M market expectations.
Presto's revenue forecast is directly in line with market estimates, which typically does not lead to significant stock price movement as there is no surprise element for investors. The news confirms that the company is on track to meet expectations, which may maintain investor confidence but is unlikely to cause a significant short-term price change.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100