Smartsheed shares are trading lower after the company reported Q4 financial results and issued Q1 revenue guidance and FY25 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Smartsheet's shares dropped following its Q4 financial results announcement, with Q1 and FY25 revenue guidance falling short of expectations.
March 14, 2024 | 8:22 pm
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Smartsheet's shares declined after reporting Q4 financial outcomes and providing lower than expected revenue guidance for Q1 and FY25.
The negative reaction in Smartsheet's stock price is directly tied to the company's financial performance and future revenue guidance, which came in below market expectations. This typically leads to a loss of investor confidence and a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
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