CS Disco Sees Q2 2024 Revenue $34.5M-$36.5M Vs $36.761M Est.
Portfolio Pulse from Benzinga Newsdesk
CS Disco projects its Q2 2024 revenue to be between $34.5M and $36.5M, which is below the estimated $36.761M.
May 09, 2024 | 9:08 pm
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CS Disco, trading under the symbol LAW, anticipates its Q2 2024 revenue to be lower than analysts' expectations.
Revenue projections that fall short of market expectations can lead to negative investor sentiment and potentially decrease the stock price in the short term. Given that CS Disco's projected revenue range is below the estimated $36.761M, this could be viewed unfavorably by investors, impacting the stock negatively.
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IMPORTANCE 90
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