Citing Market Uncertainties, Agilent Cuts FY23 Revenue Outlook From $7.03B-$7.10B To $6.93B-$7.03B, Consensus $7.09B
Portfolio Pulse from Benzinga Newsdesk
Agilent Technologies has reduced its FY23 revenue outlook from $7.03B-$7.10B to $6.93B-$7.03B, citing market uncertainties. The new outlook is below the consensus estimate of $7.09B.
May 23, 2023 | 8:11 pm
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NEGATIVE IMPACT
Agilent Technologies' stock may be negatively impacted in the short term due to the reduced FY23 revenue outlook, which is below the consensus estimate.
Agilent has lowered its FY23 revenue outlook due to market uncertainties, which indicates potential challenges in the company's growth. This news is likely to be perceived negatively by investors, leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100