Domo Sees Q4 Adj. EPS $(0.05)-$(0.09) Vs $(0.13) Est.; Revenue $79M-$80M Vs $79.34M Est.
Portfolio Pulse from Benzinga Newsdesk
Domo, Inc. has provided guidance for its Q4 adjusted EPS to be between $(0.05) and $(0.09), which is an improvement over the estimated $(0.13). The company also expects revenue to be in the range of $79M to $80M, closely aligning with the estimated $79.34M.
November 30, 2023 | 9:15 pm
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Domo, Inc. anticipates a narrower loss per share in Q4 than analysts estimated and projects revenues that meet expectations, signaling potential positive market sentiment.
Domo's guidance suggests a better financial performance than analysts anticipated, which typically leads to positive investor sentiment and could result in a short-term increase in stock price. The EPS improvement is significant, and the revenue forecast aligns with expectations, reinforcing the positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100