Marchex Sees Q4 Sales $12.000M vs $12.59M Est
Portfolio Pulse from Benzinga Newsdesk
Marchex (NASDAQ:MCHX) has announced its Q4 sales forecast of $12.000 million, which is below the estimated $12.59 million.
October 31, 2024 | 8:22 pm
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NEGATIVE IMPACT
Marchex's Q4 sales forecast of $12.000 million is below the market estimate of $12.59 million, which may negatively impact its stock price.
The announcement of Q4 sales being below estimates suggests potential underperformance, which typically leads to a negative reaction in the stock market. Investors may adjust their expectations, leading to a possible decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100