ThreadUp Sees Q3 Revenue $69M-$61M Vs $82.480M Est.
Portfolio Pulse from Benzinga Newsdesk
ThreadUp has revised its Q3 revenue guidance to a range of $69 million to $61 million, significantly below the previous estimate of $82.480 million.
August 05, 2024 | 8:51 pm
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ThreadUp has lowered its Q3 revenue guidance to $69 million to $61 million, which is significantly below the previous estimate of $82.480 million. This revision indicates potential challenges in the company's performance for the quarter.
The significant downward revision in revenue guidance suggests that ThreadUp is facing challenges that could negatively impact its financial performance. Investors are likely to react negatively to this news, leading to a potential decline in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
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