CTS Cuts FY23 Sales Outlook From $580M – $640M To $565M – $585M Vs. $598.62M
Portfolio Pulse from Benzinga Newsdesk
CTS Corporation has reduced its FY23 sales outlook from the range of $580M-$640M to $565M-$585M, which is lower than the previous estimate of $598.62M.
July 25, 2023 | 12:03 pm
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CTS Corporation has revised its FY23 sales outlook downwards, which could potentially impact its stock price negatively in the short term.
CTS Corporation has lowered its FY23 sales outlook, which indicates that the company expects lower revenues than previously estimated. This could be perceived negatively by the market, potentially leading to a decrease in the company's stock price in the short term.
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