Freshworks Revises FY24 Revenue Forecast From $695M - $705M To $707M - $713M (Est $699.355M), Adj EPS From $0.32 - $0.35 To $0.32 - $0.34 (Est $0.33)
Portfolio Pulse from Benzinga Newsdesk
Freshworks has revised its FY24 revenue forecast from $695M - $705M to $707M - $713M, surpassing the estimated $699.355M. The adjusted EPS forecast has been slightly adjusted from $0.32 - $0.35 to $0.32 - $0.34, aligning closely with the estimated $0.33.
July 30, 2024 | 8:34 pm
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Freshworks has increased its FY24 revenue forecast to $707M - $713M, exceeding the estimated $699.355M. The adjusted EPS forecast has been slightly revised to $0.32 - $0.34, aligning closely with the estimated $0.33.
The upward revision in revenue forecast indicates stronger than expected performance, which is likely to positively impact the stock price. The slight adjustment in EPS forecast maintains investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100