Altair Cuts FY24 Total Revenue Outlook From $652M - $662M To $648M - $658M, Est $656.35M
Portfolio Pulse from Benzinga Newsdesk
Altair has revised its FY24 total revenue outlook downward from the previous range of $652M - $662M to $648M - $658M, with an estimated $656.35M.
August 01, 2024 | 8:49 pm
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Altair has lowered its FY24 total revenue outlook from $652M - $662M to $648M - $658M, with an estimated $656.35M. This downward revision may indicate potential challenges in achieving previous revenue targets.
The downward revision in revenue outlook suggests that Altair may be facing challenges in meeting its previous revenue targets. This could negatively impact investor sentiment and the stock price in the short term.
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