Chindata Group Holdings Reiterates FY23 Revenue Of $859.4M-$888.6M Vs Consensus $868.34M, Boosts Adj EBITDA To $453.1M-$470.6M, Up From Prior $438.5M-$454.5M
Portfolio Pulse from Benzinga Newsdesk
Chindata Group Holdings reiterates its FY23 revenue guidance of $859.4M-$888.6M, in line with the consensus of $868.34M, and raises its adjusted EBITDA guidance to $453.1M-$470.6M, up from the previous $438.5M-$454.5M.
May 31, 2023 | 10:40 am
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POSITIVE IMPACT
Chindata Group Holdings maintains its FY23 revenue guidance and increases its adjusted EBITDA outlook.
Chindata Group's reiteration of its FY23 revenue guidance in line with consensus and the increase in adjusted EBITDA guidance indicate a positive outlook for the company's financial performance. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100