Remitly Global Sees FY 2024 Revenue $1.250B-$1.254B Vs $1.244B Est.; Sees Q4 2024 Revenue $338M-$342M Vs $320.743M Est.
Portfolio Pulse from Benzinga Newsdesk
Remitly Global has raised its revenue guidance for FY 2024 to $1.250B-$1.254B, surpassing the previous estimate of $1.244B. Additionally, the company projects Q4 2024 revenue to be $338M-$342M, exceeding the earlier estimate of $320.743M.
October 30, 2024 | 8:18 pm
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Remitly Global has increased its revenue guidance for FY 2024 and Q4 2024, both surpassing previous estimates. This positive outlook suggests strong business performance.
The upward revision in revenue guidance for both FY 2024 and Q4 2024 indicates better-than-expected business performance, which is likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100