Stem Lowers Q4 Sales Guidance from $110.00M-160.00M to $45.00M-65.00M
Portfolio Pulse from Benzinga Newsdesk
Stem has significantly lowered its Q4 sales guidance from a range of $110 million-$160 million to $45 million-$65 million, indicating potential challenges in its business operations.
October 30, 2024 | 9:24 pm
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Stem has revised its Q4 sales guidance downwards from $110 million-$160 million to $45 million-$65 million, suggesting potential operational or market challenges.
The drastic reduction in sales guidance indicates potential issues in Stem's business operations or market conditions, which is likely to negatively impact investor sentiment and the stock price in the short term.
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