Olo Sees FY24 Revenue $269.0M-$272.0M Vs $258.651M Est.
Portfolio Pulse from Benzinga Newsdesk
Olo, a software platform for restaurants, forecasts its FY24 revenue to be between $269.0M and $272.0M, surpassing the estimated $258.651M.
February 21, 2024 | 9:57 pm
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POSITIVE IMPACT
Olo's forecasted FY24 revenue exceeds analyst expectations, indicating potential growth and positive market sentiment.
Olo's higher-than-expected revenue forecast for FY24 suggests the company is on a growth trajectory, likely due to increased demand for its software solutions. This positive outlook could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100