ACI Worldwide Expects Q3 Revenue Of $400M-$410M Vs $379.675M Est
Portfolio Pulse from Benzinga Newsdesk
ACI Worldwide has raised its revenue and adjusted EBITDA guidance for Q3 2024 and the full year 2024. The company now expects Q3 revenue to be between $400M and $410M, surpassing the previous estimate of $379.675M. Full-year revenue is projected to be between $1.557B and $1.591B, and adjusted EBITDA between $423M and $438M.
August 01, 2024 | 10:05 am
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ACI Worldwide has raised its revenue and adjusted EBITDA guidance for Q3 2024 and the full year 2024. The company now expects Q3 revenue to be between $400M and $410M, surpassing the previous estimate of $379.675M. Full-year revenue is projected to be between $1.557B and $1.591B, and adjusted EBITDA between $423M and $438M.
Raising revenue and adjusted EBITDA guidance generally indicates strong business performance and can positively impact investor sentiment. The new guidance surpasses previous estimates, which is likely to drive the stock price up in the short term.
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