PLAYSTUDIOS shares are trading lower after the company reported worse-than-expected Q2 sales results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
PLAYSTUDIOS shares are trading lower after the company reported worse-than-expected Q2 sales results and issued FY24 revenue guidance below estimates.
August 06, 2024 | 3:40 pm
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NEGATIVE IMPACT
PLAYSTUDIOS shares are trading lower due to disappointing Q2 sales results and FY24 revenue guidance below estimates.
The company's worse-than-expected Q2 sales results and lower-than-expected FY24 revenue guidance are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100