ACI Worldwide shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY24 revenue guidance. Also, it issued Q3 revenue guidance above estimates and authorized a $400 million buyback.
Portfolio Pulse from Benzinga Newsdesk
ACI Worldwide shares surged after the company reported strong Q2 financial results, raised its FY24 revenue guidance, issued Q3 revenue guidance above estimates, and authorized a $400 million buyback.
August 01, 2024 | 11:26 am
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ACI Worldwide shares surged after the company reported strong Q2 financial results, raised its FY24 revenue guidance, issued Q3 revenue guidance above estimates, and authorized a $400 million buyback.
The combination of better-than-expected Q2 results, raised FY24 revenue guidance, and a significant buyback authorization is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100