International Money Express shares are trading lower after the company reported worse-than-expected Q2 financial results. Also, the company issued FY24 and Q3 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
International Money Express shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 and Q3 revenue guidance below estimates.
August 07, 2024 | 12:47 pm
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NEGATIVE IMPACT
International Money Express shares are trading lower due to worse-than-expected Q2 financial results and lower-than-expected FY24 and Q3 revenue guidance.
The company's worse-than-expected Q2 financial results and lower-than-expected revenue guidance for FY24 and Q3 are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100