Guidance ReductionFTRE was down more than -20% after reporting Q2:24 results, highlighted by a net book-to-bill below 1.0x, and both a revenue and adjusted EBITDA guidance reduction.
Profitability ConcernsThe adjusted EPS was 8% below consensus estimates, which might raise concerns about profitability.
Revenue OutlookThe top end of FTRE's FY24 sales outlook was lowered by $25 million, indicating potential challenges in their revenue projections.