KORE Group Holdings Sees FY24 Revenue $300M-$305M vs $324.2M Est.
Portfolio Pulse from Benzinga Newsdesk
KORE Group Holdings projects its FY24 revenue to be between $300M-$305M, which is below the estimated $324.2M.

April 11, 2024 | 11:05 am
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KORE Group Holdings anticipates lower-than-expected FY24 revenue, projecting $300M-$305M against a $324.2M estimate.
The projection of lower-than-expected revenue for FY24 by KORE Group Holdings is likely to negatively impact investor sentiment and the stock price in the short term. Investors typically react unfavorably to revenue forecasts that fall short of market expectations, as it may indicate underlying challenges in the company's operations or market conditions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100