Accolade Stock Tumbles On Q1 Earnings, Weak Guidance: What You Need To Know
Portfolio Pulse from Adam Eckert
Accolade Inc (NASDAQ:ACCD) shares dropped significantly after reporting Q1 earnings that beat estimates but issuing weak guidance for the upcoming quarters. The company reported Q1 revenue of $110.47 million and a loss of 35 cents per share, both better than expected. However, the guidance for Q2 and full-year 2025 revenue fell short of estimates, leading to a sharp decline in the stock price.
June 27, 2024 | 8:34 pm
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Accolade Inc reported better-than-expected Q1 earnings but issued weak guidance for Q2 and FY 2025, leading to a significant drop in its stock price.
Despite beating Q1 revenue and EPS estimates, Accolade's weak guidance for Q2 and FY 2025 has led to a sharp decline in its stock price. Investors are reacting negatively to the lower-than-expected future revenue and adjusted EBITDA forecasts.
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