Venus Concept Expects Total Revenue For Q2 Of At Least $16.5M Vs. 17.54M Estimate
Portfolio Pulse from Benzinga Newsdesk
Venus Concept expects total revenue for Q2 to be at least $16.5 million, which is below the estimated $17.54 million.
May 15, 2024 | 11:14 am
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NEGATIVE IMPACT
Venus Concept (VERO) expects Q2 revenue to be at least $16.5 million, falling short of the $17.54 million estimate. This revenue miss could negatively impact the stock price in the short term.
The revenue expectation falling short of the estimate is likely to be viewed negatively by investors, potentially leading to a decline in the stock price. The shortfall indicates potential challenges in the company's performance or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100