FTRE (NASDAQ: FTRE) reported Q1 EPS of ($0.04), $0.23 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $662.1 million versus the consensus estimate of $776 million.

GUIDANCE:

FTRE sees FY1 revenue of $2.785-2.855 billion, versus the consensus of $3.08 billion. And adjusted EBITDA guidance in the range of $240.0 million to $260.0 million. The guidance assumes foreign currency exchange rates as of December 31, 2023, remain in effect for the forecast period and has been updated to reflect continuing operations only and revised anticipated performance.

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