Kore Group Holdings Q4 Sales $72.40M Miss $77.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kore Group Holdings (NYSE:KORE) reported Q4 sales of $72.40M, missing the consensus estimate of $77.79M by 6.93%, but marking a 15.99% increase from the same period last year.
April 11, 2024 | 11:03 am
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NEGATIVE IMPACT
Kore Group Holdings reported Q4 sales of $72.40M, missing estimates but showing year-over-year growth.
Missing the consensus sales estimate could negatively impact investor sentiment and stock price in the short term. However, the year-over-year sales growth indicates underlying business strength, which might mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100