CS DISCO Sees Q1 2024 Revenue $34.5M-$36.6M Vs $36.736M Est.
Portfolio Pulse from Benzinga Newsdesk
CS DISCO projects its Q1 2024 revenue to be between $34.5M and $36.6M, which is below the estimated $36.736M.
February 22, 2024 | 10:10 pm
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NEGATIVE IMPACT
CS DISCO, trading under the symbol LAW, forecasts its Q1 2024 revenue to be below expectations, potentially impacting its stock price negatively in the short term.
Revenue projections that fall short of market expectations can lead to negative investor sentiment and a decrease in stock price. Given that CS DISCO's projected revenue is below the estimated figure, this could lead to a decrease in its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100