Stride Raises FY24 Revenue Outlook From $1.96B-$2.03B To $1.99B-$2.04B (Est. $2B); Sees Q3 Revenue Of $500M-$520M (Est. $503.89M)
Portfolio Pulse from Benzinga Newsdesk
Stride, Inc. has increased its FY24 revenue forecast from the range of $1.96 billion to $2.03 billion to a new range of $1.99 billion to $2.04 billion, slightly above the estimated $2 billion. Additionally, the company anticipates Q3 revenue to be between $500 million and $520 million, which aligns with the estimated $503.89 million.
January 23, 2024 | 9:22 pm
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Stride, Inc. (LRN) has raised its FY24 revenue guidance, suggesting a positive outlook on future earnings and potential growth.
Stride's upward revision of its FY24 revenue outlook is a bullish signal for investors, indicating that the company is performing well and may exceed market expectations. This positive guidance update is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100