Hour Loop Sees FY24 Revenue $145M-$172M Vs $181.300M Est.
Portfolio Pulse from Benzinga Newsdesk
Hour Loop provided its FY24 revenue guidance, projecting revenues to be between $145M-$172M, which is below the estimated $181.3M.

May 06, 2024 | 12:10 pm
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Hour Loop's FY24 revenue guidance is below market expectations, indicating potential challenges ahead.
The projected revenue for FY24 being significantly lower than the market estimate suggests that Hour Loop may face operational or market challenges that could negatively impact its stock price in the short term. Investors typically react negatively to such forecasts, as they may indicate slower growth or potential setbacks.
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