Qualys shares are trading lower after the company reported mixed Q4 financial results and issued FY24 adjusted EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Qualys shares dropped following mixed Q4 financial results and FY24 guidance for adjusted EPS and revenue that fell short of expectations.
February 08, 2024 | 1:43 pm
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Qualys shares declined due to mixed Q4 financial outcomes and lower-than-expected FY24 earnings and revenue guidance.
The drop in Qualys shares is directly tied to the company's mixed Q4 financial results and the issuance of FY24 guidance for adjusted EPS and revenue that did not meet analyst expectations. This typically leads to a negative short-term impact on the stock as investors adjust their expectations based on the new financial outlook.
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