Information Services Expects Q1 Revenues Of $65M-$67M, Est $72.26M
Portfolio Pulse from Benzinga Newsdesk
Information Services (III) has projected its Q1 revenues to be between $65M-$67M, falling short of the estimated $72.26M.
March 07, 2024 | 10:21 pm
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Information Services projects Q1 revenues to be below expectations, with a forecast of $65M-$67M against an estimate of $72.26M.
Revenue forecasts that fall short of market expectations typically lead to negative investor sentiment and can result in a decrease in stock price in the short term. Given that III's projected revenues are significantly below the estimated figures, this could lead to a decrease in investor confidence and potentially impact the stock price negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100