Nerdy shares are trading lower after the company reported Q4 financial results and issued Q1 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Nerdy's stock is trading lower following the release of their Q4 financial results and the issuance of Q1 revenue guidance that fell short of expectations.
February 28, 2024 | 7:55 pm
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NEGATIVE IMPACT
Nerdy's shares are down after reporting disappointing Q4 results and providing Q1 revenue guidance below analyst estimates.
Nerdy's stock price is likely to experience downward pressure in the short term due to the disappointing Q4 financial results and the lower than expected Q1 revenue guidance. This news directly impacts investor sentiment and could lead to a sell-off as expectations are recalibrated.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100