Olo Sees Q3 Revenue $70.8M-$71.3M vs $69.09M Est., Sees FY24 Revenue $279.5M-$280.5M vs $275.54M Est.
Portfolio Pulse from Benzinga Newsdesk
Olo Inc. has announced its Q3 revenue forecast to be between $70.8 million and $71.3 million, surpassing the estimated $69.09 million. Additionally, the company projects its FY24 revenue to be between $279.5 million and $280.5 million, exceeding the estimated $275.54 million.
July 31, 2024 | 9:29 pm
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POSITIVE IMPACT
Olo Inc. has provided a positive revenue forecast for Q3 and FY24, both exceeding market expectations. This is likely to boost investor confidence and positively impact the stock price in the short term.
The revenue forecasts for both Q3 and FY24 exceed market expectations, which is a strong positive signal for investors. This is likely to result in a short-term increase in Olo's stock price as it indicates better-than-expected financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100