Lightspeed Commerce Increases Lower End Of Its FY24 Revenue Outlook; Revises Revenue Forecast From $890M-$905M To $895M-$905M (Est $906.515M)
Portfolio Pulse from Benzinga Newsdesk
Lightspeed Commerce has revised its FY24 revenue forecast, raising the lower end from $890M to $895M, while keeping the upper end at $905M, against an estimated $906.515M. The company cites caution due to uncertain macroeconomic conditions and the pace of Unified Payments adoption internationally.
February 08, 2024 | 11:57 am
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Lightspeed Commerce has updated its FY24 revenue forecast, indicating a slight increase in the lower end of its revenue outlook amidst macroeconomic uncertainties and challenges in Unified Payments adoption.
The revision of the revenue forecast by Lightspeed Commerce, especially the increase in the lower end, could be perceived positively by investors as it suggests a level of confidence in the company's performance despite the mentioned challenges. However, the cautious stance due to macroeconomic conditions and the pace of Unified Payments adoption might temper expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90