Markforged Lowers FY24 Revenue Guidance From $95M-$105M To $90M-$95M vs $98.65M Est.
Portfolio Pulse from Benzinga Newsdesk
Markforged has lowered its FY24 revenue guidance from $95M-$105M to $90M-$95M, which is below the estimated $98.65M.
August 08, 2024 | 9:25 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Markforged has revised its FY24 revenue guidance downward to $90M-$95M, which is below the market estimate of $98.65M. This could negatively impact investor sentiment and the stock price in the short term.
The downward revision of revenue guidance indicates potential challenges in achieving previously expected financial performance. This is likely to lead to negative investor sentiment and a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100