Upland Software shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results and issued Q1 and FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Upland Software's shares dropped following its announcement of disappointing Q4 adjusted EPS results, along with its Q1 and FY24 revenue guidance falling short of expectations.
February 23, 2024 | 5:31 pm
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NEGATIVE IMPACT
Upland Software's shares declined due to poor Q4 adjusted EPS results and lower than expected revenue guidance for Q1 and FY24.
The direct mention of Upland Software's disappointing earnings and future revenue guidance suggests a negative impact on investor sentiment and stock price in the short term. The significance of earnings reports and future guidance on stock performance is well-documented, leading to a high confidence in the negative short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100