Germany's TeamViewer trims revenue forecast on FX headwinds
Portfolio Pulse from
TeamViewer, a German software developer, has reduced its full-year revenue forecast due to foreign exchange headwinds, potentially impacting revenues by up to 11 million euros ($11.84 million).

November 06, 2024 | 6:45 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
TeamViewer has lowered its revenue forecast for the year due to foreign exchange headwinds, which could negatively impact revenues by up to 11 million euros ($11.84 million).
The reduction in revenue forecast is directly related to foreign exchange headwinds, which are expected to negatively impact TeamViewer's financial performance. This is likely to lead to a short-term negative impact on the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100