nCino shares are trading lower after the company issued softer-than-expected Q3 and full-year revenue guidance despite beating Q2 earnings and sales estimates.
Portfolio Pulse from Benzinga Newsdesk
nCino's shares are declining due to the company's weaker-than-expected Q3 and full-year revenue guidance, despite surpassing Q2 earnings and sales estimates.
August 28, 2024 | 11:18 am
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nCino's stock is under pressure as the company provided revenue guidance for Q3 and the full year that fell short of expectations, overshadowing its Q2 earnings and sales beat.
The market is reacting negatively to nCino's revenue guidance, which is a critical indicator of future performance. Despite the positive Q2 results, the guidance suggests potential challenges ahead, leading to a decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100