CareMax Raises FY23 Revenue Guidance From $700M-$750M To $750M-$780M vs $739.86M Est.
Portfolio Pulse from Benzinga Newsdesk
CareMax has increased its FY23 revenue guidance from $700M-$750M to $750M-$780M, which is higher than the estimated $739.86M.
August 09, 2023 | 12:25 pm
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POSITIVE IMPACT
CareMax's upward revision of its FY23 revenue guidance is likely to positively impact its stock price.
Companies that raise their revenue guidance typically see a positive reaction in their stock price as it indicates better than expected performance. Given that CareMax's new guidance is also above the estimated revenue, it is likely to be viewed positively by the market.
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