AppFolio Raises FY2024 Sales Guidance from $772.00M-778.00M to $786.00M-790.00M (Est $778.840M)
Portfolio Pulse from Benzinga Newsdesk
AppFolio has increased its FY2024 sales guidance from $772.00M-778.00M to $786.00M-790.00M, surpassing the estimated $778.840M.
October 24, 2024 | 8:31 pm
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AppFolio has raised its FY2024 sales guidance to a range of $786M-$790M, which is above the previous guidance and market estimates. This indicates a positive outlook for the company's revenue growth.
The increase in sales guidance suggests that AppFolio is expecting higher revenue than previously anticipated, which is a positive signal for investors. The new guidance surpasses both the previous range and market estimates, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100