Sensient Technologies Continues To Expect 2023 Revenue To Grow At Mid-Single-Digits
Portfolio Pulse from Benzinga Newsdesk
Sensient Technologies (NYSE:SXT) has revised its 2023 forecast, expecting a mid-single digit decrease in adjusted EBITDA and a high single digit decrease in full year GAAP diluted earnings per share compared to 2022.
July 21, 2023 | 11:02 am
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Sensient Technologies expects a decrease in 2023 adjusted EBITDA and GAAP diluted earnings per share, which could negatively impact the company's stock price.
Sensient Technologies has revised its 2023 forecast downwards, expecting a decrease in both adjusted EBITDA and GAAP diluted earnings per share. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100