CCC Intelligent Solutions Sees Q3 2024 Revenue $236M-$238M Vs $230.1M Estimate; Sees FY24 Revenue $941M-$945M Vs $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
CCC Intelligent Solutions (CCCS) has provided its Q3 2024 revenue guidance of $236M-$238M, which is above the $230.1M estimate. However, its FY24 revenue guidance of $941M-$945M falls short of the $1.03B estimate.
July 30, 2024 | 8:11 pm
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CCC Intelligent Solutions (CCCS) has provided mixed revenue guidance. Q3 2024 revenue is expected to be higher than estimates, but FY24 revenue guidance is lower than expected.
The higher-than-expected Q3 2024 revenue guidance is a positive sign, but the lower-than-expected FY24 revenue guidance could offset this positive impact. Investors may have mixed reactions, leading to a neutral short-term price impact.
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