Timken Cuts FY23 Revenue Growth Outlook; Sees 8% Growth (Prior 9.5%) In Total At The Midpoint From 2022
Portfolio Pulse from Benzinga Newsdesk
Timken has revised its FY23 revenue growth outlook downwards, now expecting an 8% growth at the midpoint from 2022, compared to the previous estimate of 9.5%.
August 04, 2023 | 12:59 pm
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Timken's revised FY23 revenue growth outlook could potentially impact investor sentiment and the company's stock price.
Timken's downward revision of its FY23 revenue growth outlook indicates potential challenges in achieving its financial targets. This could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
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