Innoviz Technologies Sees Q3 Revenue $3.5M-$5M Vs $4.6M Est.
Portfolio Pulse from Benzinga Newsdesk
Innoviz Technologies has provided a revenue forecast for Q3, expecting between $3.5 million and $5 million, which is below the estimated $4.6 million.
August 07, 2024 | 11:48 am
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NEGATIVE IMPACT
Innoviz Technologies has provided a Q3 revenue forecast of $3.5M-$5M, which is below the market estimate of $4.6M. This could indicate potential challenges in meeting market expectations.
The revenue forecast provided by Innoviz Technologies is below the market estimate, which could lead to negative sentiment among investors and potential short-term pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100