Timken Cuts FY23 Outlook To Reflect Current Order Trends And Continued Near-Term Economic Uncertainty
Portfolio Pulse from Benzinga Newsdesk
Timken has revised its FY23 outlook downwards due to current order trends and continued near-term economic uncertainty.

August 04, 2023 | 1:02 pm
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Timken's stock may face downward pressure due to the company's reduced FY23 outlook.
Companies often see their stock prices fall when they lower their future earnings outlooks, as this can indicate potential problems with growth or profitability. In this case, Timken's reduced FY23 outlook due to current order trends and economic uncertainty could lead to a decrease in its stock price.
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