Perion Network Cuts Q2 Revenue Forecast From $118M - $122M To $106M - $108M, Est $120.035M
Portfolio Pulse from Benzinga Newsdesk
Perion Network has revised its Q2 revenue forecast downwards from $118M-$122M to $106M-$108M, which is below the estimated $120.035M.
June 10, 2024 | 11:07 am
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Perion Network has lowered its Q2 revenue forecast to $106M-$108M, significantly below the previous forecast of $118M-$122M and the estimated $120.035M.
The downward revision of the revenue forecast indicates potential challenges in Perion Network's business operations or market conditions. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100