Groupon Sees FY24 Revenue $489M-$515M Vs $522.851M Est.
Portfolio Pulse from Benzinga Newsdesk
Groupon has projected its FY24 revenue to be between $489M and $515M, which is below the estimated $522.851M.
May 09, 2024 | 8:46 pm
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NEGATIVE IMPACT
Groupon's FY24 revenue projection falls below market expectations, indicating potential challenges ahead.
Groupon's lower-than-expected revenue forecast for FY24 suggests the company may face challenges in meeting market expectations, potentially leading to negative investor sentiment and a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100