Altair Engineering Q1 2024 Revenue $167M-$170M Vs $181.735M Est.
Portfolio Pulse from Benzinga Newsdesk
Altair Engineering projects its Q1 2024 revenue to be between $167M and $170M, which is below the estimated $181.735M.
February 22, 2024 | 9:55 pm
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NEGATIVE IMPACT
Altair Engineering's projected Q1 2024 revenue is below market expectations, indicating potential short-term negative impact on its stock price.
Revenue projections that fall short of market estimates can lead to negative investor sentiment and a potential decrease in stock price. Given that Altair Engineering's projected revenue is significantly below the estimated figures, this could lead to a short-term negative impact on its stock price as investors adjust their expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100