IAS Sees Q1 2024 Revenue $111M-$113M Vs $119.7M Estimate
Portfolio Pulse from Benzinga Newsdesk
IAS has projected its Q1 2024 revenue to be between $111M and $113M, which is below the estimated $119.7M.

February 27, 2024 | 10:56 pm
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IAS projects lower-than-expected revenue for Q1 2024, estimating between $111M and $113M against a $119.7M estimate.
Revenue projections that fall short of market estimates typically lead to negative investor sentiment and can cause a short-term decline in stock price. Given that IAS has projected its Q1 2024 revenue to be significantly below the estimated $119.7M, this news is likely to have a negative impact on its stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100