Elastic shares are trading lower after the company reported Q1 financial results and issued Q2 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Elastic's shares fell after the company reported Q1 financial results and provided Q2 revenue guidance that was below estimates.
August 30, 2024 | 11:16 am
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Elastic's shares are trading lower due to Q1 financial results and Q2 revenue guidance falling below estimates.
The company's Q1 financial results and Q2 revenue guidance were below market expectations, leading to a negative market reaction and a drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100