FactSet Now Expects FY23 Revenue at Lower End of $2.08B-$2.10B Vs $2.09B Est, Adj EPS $14.75 - $15.15 (Prior $14.50 - $14.90) Vs $14.88 Est
Portfolio Pulse from Benzinga Newsdesk
FactSet has updated its FY23 guidance, now expecting revenue at the lower end of $2.08B-$2.10B, compared to the previous estimate of $2.09B. The company also adjusted its EPS guidance to $14.75 - $15.15, up from the prior range of $14.50 - $14.90.
June 22, 2023 | 11:06 am
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FactSet's updated FY23 guidance indicates lower revenue expectations but higher EPS. This mixed outlook may lead to uncertainty among investors.
FactSet's updated guidance shows a mixed outlook, with lower revenue expectations but higher EPS. This may cause uncertainty among investors as they weigh the potential impact on the company's stock price. While the higher EPS is a positive sign, the lower revenue guidance may raise concerns about the company's growth prospects.
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