Revvity Expects FY23 Revenue Of $2.80B-$2.85B Down From $2.90B-$2.94B Vs. Consensus Of $2.91B, It Expects Adjusted EPS Of $4.70-$4.90 Down From $4.85-$5.05 Vs. Consensus Of $4.94
Portfolio Pulse from Benzinga Newsdesk
Revvity has lowered its FY23 revenue forecast to $2.80B-$2.85B, down from the previous estimate of $2.90B-$2.94B. The company also expects its adjusted EPS to be $4.70-$4.90, down from the earlier prediction of $4.85-$5.05. Both revised estimates are below the consensus estimates.
August 01, 2023 | 10:18 am
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NEGATIVE IMPACT
Revvity's lowered FY23 revenue and EPS forecasts are below consensus estimates, which could negatively impact its stock price.
Revvity's revised FY23 revenue and EPS forecasts are lower than the consensus estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price of RVTY in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100