Benson Hill Reaffirms FY23 Sales Guidance Of $390M-$430M Versus Consensus Of $428.02M; The Company Is Taking Additional Actions To Reduce Operating Expenses By $10M Annually In 2024
Portfolio Pulse from Benzinga Newsdesk
Benson Hill has reaffirmed its FY23 sales guidance of $390M-$430M, which is in line with the consensus of $428.02M. The company also plans to reduce operating expenses by $10M annually starting in 2024.
August 09, 2023 | 11:14 am
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NEUTRAL IMPACT
Benson Hill's reaffirmation of its FY23 sales guidance and plans to reduce operating expenses could potentially stabilize its stock price.
Benson Hill's reaffirmation of its FY23 sales guidance aligns with market expectations, which could prevent any drastic changes in its stock price. Additionally, the company's plans to reduce operating expenses by $10M annually starting in 2024 could improve its profitability, potentially providing a long-term boost to its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100