Atricure shares are trading higher after the company reported better-than-expected Q3 financial results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Atricure shares rose as the company reported Q3 financial results that exceeded expectations, despite issuing FY24 revenue guidance below estimates.
October 29, 2024 | 8:22 pm
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Atricure's stock price increased following the release of Q3 results that beat expectations, although the FY24 revenue guidance was lower than anticipated.
The positive reaction in Atricure's stock price is due to the better-than-expected Q3 results, which often outweighs future guidance in the short term. However, the lower FY24 revenue guidance could temper long-term investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100