ServiceNow Sees Q4 Revenue $2.875B-$2.880B, Sees FY24 Revenue $10.655B-$10.660B Vs $10.806B Est.
Portfolio Pulse from Benzinga Newsdesk
ServiceNow has provided its revenue guidance for Q4 and FY24, which falls short of analyst estimates. The company expects Q4 revenue between $2.875 billion and $2.880 billion, and FY24 revenue between $10.655 billion and $10.660 billion, compared to the estimated $10.806 billion.
October 23, 2024 | 8:16 pm
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NEGATIVE IMPACT
ServiceNow's revenue guidance for Q4 and FY24 is below analyst expectations, which may negatively impact investor sentiment and the stock price in the short term.
The revenue guidance provided by ServiceNow for both Q4 and FY24 is below the consensus estimates. This discrepancy is likely to lead to negative investor sentiment, as the market often reacts unfavorably to guidance that falls short of expectations. Consequently, this could result in a short-term decline in ServiceNow's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100