Asure Software Lowers FY2024 Sales Guidance from $123.00M-129.00M to $119.00M-121.00M vs $125.2M
Portfolio Pulse from Benzinga Newsdesk
Asure Software has revised its FY2024 sales guidance downward, now expecting $119.00M-$121.00M compared to the previous range of $123.00M-$129.00M and the $125.2M estimate.
October 31, 2024 | 8:13 pm
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Asure Software has reduced its FY2024 sales guidance to $119M-$121M, which is below both its previous guidance and market estimates.
The downward revision in sales guidance suggests potential challenges in revenue generation, which could lead to negative sentiment among investors and pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100