Compass Expects Q3 Revenue Of $1.425B - $1.525B (Est $1.504B); Expects To Be Free Cash Flow Positive For Full Year 2024
Portfolio Pulse from Benzinga Newsdesk
Compass expects Q3 revenue to be between $1.425 billion and $1.525 billion, slightly below the estimated $1.504 billion. The company also anticipates being free cash flow positive for the full year 2024.
July 31, 2024 | 9:34 pm
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Compass expects Q3 revenue to be slightly below estimates but anticipates being free cash flow positive for the full year 2024.
While the Q3 revenue projection is slightly below estimates, the expectation of being free cash flow positive for the full year 2024 is a positive indicator for the company's financial health, likely leading to a positive short-term impact on the stock price.
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