Arteris Sees Q2 Revenue $13.2M-$14.2M vs $13.51M Est., Sees FY24 Revenue $54.5M-$57.5M vs $55.96M Est.
Portfolio Pulse from Benzinga Newsdesk
Arteris projects its Q2 revenue to be between $13.2M and $14.2M, compared to the estimated $13.51M. For FY24, the revenue forecast is between $54.5M and $57.5M, against an estimate of $55.96M.
May 02, 2024 | 9:33 pm
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Arteris projects its Q2 revenue to be between $13.2M and $14.2M, surpassing the estimated $13.51M. For FY24, the revenue forecast is between $54.5M and $57.5M, closely aligning with the $55.96M estimate.
Arteris' revenue forecast for both Q2 and FY24 suggests a positive outlook, likely leading to a favorable investor response. The Q2 forecast surpasses current estimates, indicating stronger than expected performance. The FY24 forecast closely aligns with estimates, reinforcing confidence in the company's growth trajectory. This positive financial outlook is expected to have a bullish impact on Arteris' stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100