Brightcove Sees Q3 2024 Adj. EPS $(0.05)-$(0.03) Vs $(0.04) Est.; Revenue $48M-$49M Vs $48.013M Est.
Portfolio Pulse from Benzinga Newsdesk
Brightcove has released its Q3 2024 financial guidance, projecting an adjusted EPS between $(0.05) and $(0.03), compared to the estimated $(0.04). The company also expects revenue between $48M and $49M, slightly above the $48.013M estimate.
August 07, 2024 | 9:57 pm
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Brightcove's Q3 2024 financial guidance shows a slightly wider adjusted EPS loss than expected but a marginally higher revenue forecast. This mixed guidance could lead to short-term volatility in the stock price.
The adjusted EPS guidance is slightly worse than expected, which could be seen negatively by investors. However, the revenue forecast is marginally better than the estimate, which could offset some of the negative sentiment. Overall, this mixed guidance is likely to result in short-term volatility rather than a clear directional move.
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