MeridianLink Narrows FY2024 Sales Guidance from $311.00M-319.00M to $312.00M-318.00M Vs. $316.43M
Portfolio Pulse from Benzinga Newsdesk
MeridianLink has updated its FY2024 sales guidance, narrowing the range from $311.00M-319.00M to $312.00M-318.00M, compared to the consensus of $316.43M. The company also provided third quarter and full year financial guidance.
August 08, 2024 | 9:23 pm
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MeridianLink has narrowed its FY2024 sales guidance, which is slightly below the consensus estimate. This could indicate a more cautious outlook for the company.
The narrowing of the sales guidance range, especially when it is slightly below the consensus estimate, suggests a more cautious outlook. This could lead to a short-term negative impact on the stock price as investors may adjust their expectations.
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