Thoughtworks Expects Q1 Revenue Of $241M-$246M Vs. 267.56M Estimate, Expects Adjusted Loss Of $(0.02)-$(0.01) Vs. $0.05 Estimate
Portfolio Pulse from Benzinga Newsdesk
Thoughtworks has projected its Q1 revenue to be between $241M-$246M, which is below the expected $267.56M. Additionally, the company anticipates an adjusted loss of $(0.02)-$(0.01) per share, contrary to the estimated earnings of $0.05 per share.
February 27, 2024 | 12:31 pm
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Thoughtworks projects lower-than-expected Q1 revenue and anticipates an adjusted loss, diverging from the estimated earnings.
The projected revenue shortfall and anticipated adjusted loss per share are significant indicators of underperformance compared to market expectations. This news is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term.
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