BlackSky Technology shares are trading lower after the company reported Q4 financial results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
BlackSky Technology's shares dropped following the announcement of Q4 financial results and FY24 revenue guidance that fell short of expectations.
February 28, 2024 | 6:18 pm
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NEGATIVE IMPACT
BlackSky Technology's shares declined after reporting Q4 financial outcomes and providing FY24 revenue forecasts below analyst expectations.
The announcement of lower-than-expected Q4 financial results and FY24 revenue guidance directly impacts investor sentiment and the perceived future financial health of BlackSky Technology, likely leading to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100