Olo Expects Q2 Revenue Of $67.5M-$68M (Est $66.221M), Raises FY24 Revenue Outlook From $269M-$272M To $274.5M-$276.5M (Est $271.106M)
Portfolio Pulse from Benzinga Newsdesk
Olo has updated its Q2 revenue forecast to $67.5M-$68M, surpassing the estimated $66.221M, and raised its FY24 revenue outlook from $269M-$272M to $274.5M-$276.5M, exceeding the estimated $271.106M.
May 07, 2024 | 9:40 pm
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Olo has raised its Q2 and FY24 revenue forecasts, indicating stronger than expected financial performance.
Raising revenue forecasts typically indicates a company's strong performance and positive future outlook, which can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100