IBEX shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
IBEX shares are trading lower following the announcement of disappointing Q2 financial results and a revenue guidance for FY24 that falls below analyst estimates.
February 09, 2024 | 8:14 pm
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IBEX shares are experiencing a downturn due to the release of Q2 financial results that did not meet expectations, coupled with a forecast for FY24 revenue that is below analyst predictions.
The negative reaction in IBEX shares is directly tied to the company's announcement of weaker-than-expected Q2 financial performance and a less optimistic revenue outlook for FY24. This news is likely to dampen investor sentiment in the short term, as it raises concerns about the company's future growth prospects and profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100