ODP Cuts FY23 Revenue Outlook From $8B - $8.4B To $8B Vs. $8.2B Est.
Portfolio Pulse from Benzinga Newsdesk
ODP Corporation has reduced its revenue forecast for FY23 from a range of $8B - $8.4B to a flat $8B, which is below the estimated $8.2B.
August 09, 2023 | 10:53 am
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NEGATIVE IMPACT
ODP Corporation has lowered its FY23 revenue outlook, which is now below the estimated $8.2B. This could potentially impact the company's stock negatively in the short term.
ODP Corporation has revised its revenue outlook downwards for FY23. This is a negative signal as it indicates that the company may not perform as well as previously expected. This could lead to a decrease in investor confidence and potentially a drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100