KORE Group Cuts FY24 Revenue Outlook From $300M - $305M To $275M - $285M, Est $304.01M
Portfolio Pulse from Benzinga Newsdesk
KORE Group has revised its FY24 revenue outlook downward from $300M-$305M to $275M-$285M, which is below the estimated $304.01M.
August 15, 2024 | 10:38 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
KORE Group has lowered its FY24 revenue outlook to $275M-$285M, down from the previous $300M-$305M and below the estimated $304.01M.
The downward revision of the revenue outlook indicates potential challenges in KORE Group's business operations or market conditions, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100