Weave Expects Q2 Total Revenue Of $48.2M-$49.2M (Est $48.21M); Raises FY24 Forecast From $194M-$198M To $197M-$200M (Est $196.289M)
Portfolio Pulse from Benzinga Newsdesk
Weave has updated its Q2 total revenue expectations to $48.2M-$49.2M, slightly above the estimated $48.21M. Additionally, the company has raised its FY24 revenue forecast from $194M-$198M to $197M-$200M, surpassing the estimated $196.289M.
May 01, 2024 | 9:44 pm
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Weave has raised its Q2 and FY24 revenue forecasts, indicating stronger than expected financial performance.
Raising revenue forecasts, especially above analyst estimates, is a positive signal to investors about the company's financial health and growth prospects. This typically leads to positive investor sentiment and can drive the stock price up in the short term.
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