Monday.com shares are trading lower after the company reported Q4 results above estimates and issued FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Monday.com's shares are trading lower despite the company reporting Q4 results that exceeded estimates and providing FY24 guidance.
February 12, 2024 | 12:55 pm
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Monday.com's shares are trading lower after surpassing Q4 expectations and issuing FY24 guidance.
Despite Monday.com exceeding Q4 earnings expectations, the issuance of FY24 guidance has led to a decrease in share price. This suggests that the market may have had higher expectations for the guidance or that investors are taking profits following the news.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100