Park Hotels & Resorts Cuts Top End Of FY23 Adjusted FFO Per Share Outlook; Sees $1.76-$2.02 (Prior View $1.76-$2.12)
Portfolio Pulse from Benzinga Newsdesk
Park Hotels & Resorts has revised its FY23 Adjusted FFO per share outlook, reducing the top end from $2.12 to $2.02. The lower end remains unchanged at $1.76.
August 04, 2023 | 12:29 pm
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Park Hotels & Resorts has lowered the top end of its FY23 Adjusted FFO per share outlook. This could potentially indicate a less optimistic financial performance than previously expected.
Companies often adjust their financial outlook based on their expectations of future performance. A downward revision, like in this case, could be interpreted as a sign of less optimistic financial performance than previously expected, which could negatively impact the stock price in the short term.
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