JELD-WEN Updates 2023 Guidance (Continuing Operations); Raises 2023 Net Revenue Outlook From $4.0B-$4.4B To $4.2B-$4.4B, Est. $4.38B
Portfolio Pulse from Benzinga Newsdesk
JELD-WEN has updated its 2023 guidance for continuing operations, raising its net revenue outlook from $4.0B-$4.4B to $4.2B-$4.4B, against an estimated $4.38B.
August 07, 2023 | 8:59 pm
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JELD-WEN has raised its 2023 net revenue outlook, which could indicate confidence in future performance.
JELD-WEN's raised revenue outlook suggests the company is expecting stronger performance in the future. This could be due to a variety of factors, such as increased demand for their products or successful cost management strategies. This news is likely to be seen positively by investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100