Why Domo Shares Are Trading Lower Friday
Portfolio Pulse from Dylan Berman
Domo, Inc. (NASDAQ:DOMO) shares are trading lower after the company announced its first quarter financial earnings for the 2025 fiscal year. Despite a slight revenue beat, the company reported a larger-than-expected loss per share and provided weak guidance for the second quarter. Analysts have downgraded the stock and lowered price targets.
May 24, 2024 | 4:21 pm
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NEGATIVE IMPACT
Domo, Inc. reported Q1 earnings with a slight revenue beat but a larger-than-expected loss per share. The company also provided weak guidance for Q2, leading to analyst downgrades and lowered price targets.
The larger-than-expected loss per share and weak guidance for the next quarter are significant negative factors. Additionally, analyst downgrades and lowered price targets further contribute to the negative sentiment around the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100