Arteris Expects Revenue Of $12.1M-$13.1M (Est $12.63M) For Q1, $54.5M-$57.5M (Est $55.70M) For FY24
Portfolio Pulse from Benzinga Newsdesk
Arteris projects its Q1 revenue to be between $12.1M and $13.1M, closely aligning with the estimated $12.63M. For the fiscal year 2024, the company anticipates revenues to range from $54.5M to $57.5M, slightly below the estimated $55.7M.
February 20, 2024 | 9:59 pm
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Arteris expects Q1 revenues to be in the range of $12.1M-$13.1M, aligning with the $12.63M estimate, and FY24 revenues to be between $54.5M-$57.5M, close to the $55.7M estimate.
Arteris' revenue projections for both Q1 and FY24 are closely aligned with analyst estimates, indicating a stable financial outlook. This alignment suggests a neutral short-term impact on the stock price, as the market expectations are likely already priced in. The slight variance in FY24 projections compared to estimates does not indicate a significant deviation that would warrant a strong market reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100