Gambling.com shares are trading lower after the company issued Q1 financial results. Also, the company cut its FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Gambling.com shares are trading lower after the company issued Q1 financial results and cut its FY24 revenue guidance below estimates.
May 16, 2024 | 1:00 pm
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NEGATIVE IMPACT
Gambling.com shares are trading lower following the release of Q1 financial results and a reduction in FY24 revenue guidance below estimates.
The company's Q1 financial results were below expectations, and the reduction in FY24 revenue guidance indicates potential future underperformance. This has led to a negative market reaction, causing the stock price to drop.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100