AudioEye Raises FY24 Revenue Guidance From $34.5M - $34.8M To $35.15M - $35.25M, Est $34.667M; Adjusted EPS From $0.48 - $0.51 To $0.51 - $0.53, Est $(0.13)
Portfolio Pulse from Benzinga Newsdesk
AudioEye has raised its FY24 revenue guidance to $35.15M - $35.25M, surpassing the estimated $34.667M. Additionally, the company increased its adjusted EPS guidance to $0.51 - $0.53, compared to the previous estimate of $(0.13).
September 30, 2024 | 10:08 am
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POSITIVE IMPACT
AudioEye has increased its FY24 revenue and adjusted EPS guidance, both exceeding previous estimates. This positive revision suggests strong financial performance and could lead to a favorable market reaction.
The upward revision in revenue and EPS guidance indicates better-than-expected financial performance, which is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100