Definitive Healthcare Estimates In H1 2024, Will Incur Pre-Tax Cash Restructuring And Related Charges To Its GAAP Financial Results Of About $6.5M-$7.2M
Portfolio Pulse from Benzinga Newsdesk
Definitive Healthcare has announced through an SEC filing that it expects to incur pre-tax cash restructuring and related charges of approximately $6.5M-$7.2M in the first half of 2024, which will affect its GAAP financial results.
January 04, 2024 | 2:10 pm
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Definitive Healthcare is expected to incur pre-tax cash restructuring charges of about $6.5M-$7.2M in H1 2024, as per an SEC filing, which will impact its GAAP financial results.
The announcement of restructuring charges is typically viewed negatively by investors as it indicates upcoming expenses that will reduce profitability. The impact on GAAP financial results suggests a material effect on the company's reported earnings, which could lead to a negative short-term reaction in the stock price.
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