Xunlei Limited Expects Q1 Revenue of $79M-$84M
Portfolio Pulse from Benzinga Newsdesk
Xunlei Limited projects its Q1 2024 revenues to be in the range of $79M-$84M, indicating a quarter-over-quarter growth of about 5.7%. This forecast is preliminary and may change materially.
March 14, 2024 | 10:03 am
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Xunlei Limited expects Q1 2024 revenues to range from $79M to $84M, showing a 5.7% growth from the previous quarter. This is a preliminary forecast and may be subject to significant changes.
The announcement of expected revenue growth for Q1 2024 suggests a positive outlook for Xunlei Limited, which could lead to increased investor confidence and potentially drive the stock price up in the short term. However, the company's caution that this forecast is preliminary and subject to material changes introduces a level of uncertainty, which is why the confidence level is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100