BrightView Revises FY23 Revenue Outlook To $2.80B - $2.82B From $2.82B - $2.86B Vs. $2.85B Est.
Portfolio Pulse from Benzinga Newsdesk
BrightView has revised its FY23 revenue outlook downwards to $2.80B - $2.82B from the previous $2.82B - $2.86B, against an estimate of $2.85B.
August 04, 2023 | 12:52 pm
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NEGATIVE IMPACT
BrightView's downward revision of its FY23 revenue outlook may negatively impact its stock price in the short term.
Companies' stock prices are often influenced by their financial outlooks. In this case, BrightView's downward revision of its FY23 revenue outlook could be perceived negatively by investors, potentially leading to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100