Penumbra Raises FY23 Revenue Guidance To $1.05B-$1.07B vs $1.05B Est.
Portfolio Pulse from Benzinga Newsdesk
Penumbra has increased its revenue guidance for FY23 to a range of $1.05 billion to $1.07 billion, compared to the previous estimate of $1.05 billion.
August 04, 2023 | 10:32 am
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Penumbra's raised revenue guidance for FY23 could potentially lead to a positive impact on its stock price.
Companies often see their stock prices increase when they raise their revenue guidance, as it signals to investors that the company is expecting to perform better than previously anticipated. In this case, Penumbra's raised revenue guidance for FY23 could potentially lead to a positive impact on its stock price.
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