PTC Narrows FY23 Revenue Guidance From $2.08B0- $2.14B To $2.09B-$2.12B, Consensus $2.1B
Portfolio Pulse from Benzinga Newsdesk
PTC has revised its FY23 revenue guidance from a range of $2.08B-$2.14B to a narrower range of $2.09B-$2.12B. The consensus estimate stands at $2.1B.
July 26, 2023 | 9:21 pm
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NEUTRAL IMPACT
PTC has adjusted its FY23 revenue guidance, which now aligns more closely with the consensus estimate.
PTC's revised revenue guidance is now more in line with the consensus estimate. This could potentially neutralize any significant market reaction as the new guidance is within market expectations. However, the narrowing of the guidance range may indicate a more certain revenue outlook, which could be perceived positively by investors.
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