Sealed Air Cuts FY23 Revenue From $5.85B - $6.10B To $5.40B - $5.60B Vs. $5.86B Est.
Portfolio Pulse from Benzinga Newsdesk
Sealed Air Corporation has reduced its FY23 revenue forecast from $5.85B-$6.10B to $5.40B-$5.60B, which is below the estimated $5.86B.

August 08, 2023 | 11:17 am
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NEGATIVE IMPACT
Sealed Air Corporation's reduced FY23 revenue forecast could negatively impact its stock price in the short term.
Sealed Air Corporation's reduced FY23 revenue forecast is a negative signal to investors, as it indicates potential challenges in the company's growth or profitability. This could lead to a decrease in demand for the company's stock, thereby negatively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100