ThreadUp Sees Q4 Revenue $70M-$72M Vs $84.656M Est.
Portfolio Pulse from Benzinga Newsdesk
ThreadUp has announced its Q4 revenue forecast to be between $70 million and $72 million, which is significantly lower than the estimated $84.656 million.
August 05, 2024 | 8:51 pm
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ThreadUp's Q4 revenue forecast of $70M-$72M is significantly below the estimated $84.656M, indicating potential financial challenges.
The significant shortfall in revenue forecast compared to estimates suggests potential financial difficulties or lower-than-expected performance, likely leading to a negative impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100