nLIGHT Sees Q1 2024 Revenue $42M-$6M Vs $50.714M Est.
Portfolio Pulse from Benzinga Newsdesk
nLIGHT, identified by its ticker LASR, has projected its Q1 2024 revenue to be in the range of $42 million to $46 million, which is below the estimated $50.714 million. This forecast suggests a potential downturn in the company's financial performance compared to expectations.
February 22, 2024 | 9:57 pm
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nLIGHT projects its Q1 2024 revenue to be significantly lower than the estimated $50.714 million, indicating a potential decrease in financial performance.
The projected revenue shortfall for nLIGHT in Q1 2024 suggests that the company may not meet market expectations, which can lead to a negative investor sentiment and potentially decrease the stock price in the short term.
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