Exagen Increases FY24 Revenue To At Least $55M Vs $54.160M Est.
Portfolio Pulse from Benzinga Newsdesk
Exagen Inc. has raised its FY24 revenue forecast to at least $55 million, surpassing the previous estimate of $54.160 million.
May 13, 2024 | 12:46 pm
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Exagen Inc. has updated its FY24 revenue guidance to a minimum of $55 million, exceeding analysts' expectations of $54.160 million.
Raising revenue forecasts typically signals strong business performance and confidence from management, which can positively influence investor sentiment and potentially lead to a short-term increase in stock price. Given that this new forecast exceeds previous estimates, it suggests that Exagen Inc. is performing better than expected, which could lead to increased investor interest and a positive impact on the stock price in the short term.
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