Mitek Sees FY24 Revenue $169M-$173M Vs $182M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mitek Systems Inc. (MITK) has revised its FY24 revenue guidance to $169M-$173M, which is below the previous estimate of $182M.
August 08, 2024 | 9:25 pm
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Mitek Systems Inc. (MITK) has revised its FY24 revenue guidance to $169M-$173M, which is below the previous estimate of $182M. This could lead to a negative short-term impact on the stock price as the market adjusts to the lower revenue expectations.
The downward revision in revenue guidance is likely to be perceived negatively by investors, leading to a potential decline in the stock price as the market adjusts to the new expectations.
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