Grid Dynamics Sees Q3 Revenue $84M-$86M Vs $84.14M Est.
Portfolio Pulse from Benzinga Newsdesk
Grid Dynamics (GDYN) has provided its financial outlook for Q3 2024, expecting revenue between $84M and $86M, and Non-GAAP EBITDA between $12.3M and $13.3M. The company also provided share count estimates but did not provide GAAP net income/loss targets due to the difficulty in estimating certain items.
August 01, 2024 | 9:42 pm
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Grid Dynamics (GDYN) has provided its financial outlook for Q3 2024, expecting revenue between $84M and $86M, and Non-GAAP EBITDA between $12.3M and $13.3M. The company also provided share count estimates but did not provide GAAP net income/loss targets due to the difficulty in estimating certain items.
The revenue and Non-GAAP EBITDA projections are in line with market expectations, which suggests a neutral short-term impact on the stock price. The lack of GAAP net income/loss targets introduces some uncertainty, but it is not expected to significantly affect investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100