Advance Auto Parts Trims FY23 Revenue Outlook To $11.2B - $11.3B (From $11.4B - $11.6B Prior) Vs. $11.44B Estimate
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts has reduced its FY23 revenue outlook from $11.4B-$11.6B to $11.2B-$11.3B, compared to the estimated $11.44B.
May 31, 2023 | 10:36 am
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Advance Auto Parts has cut its FY23 revenue forecast, now expecting $11.2B-$11.3B instead of $11.4B-$11.6B, below the $11.44B estimate.
Advance Auto Parts has lowered its FY23 revenue outlook, which is now below the estimated $11.44B. This negative news may cause investors to lose confidence in the company's growth prospects, leading to a potential short-term decline in the stock price.
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