ADMA Biologics Raises FY23 Revenue $240M Vs $226.03M Est
Portfolio Pulse from Benzinga Newsdesk
ADMA Biologics has raised its revenue forecast for FY23 to $240M, up from the previous estimate of $226.03M.

August 09, 2023 | 9:43 pm
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POSITIVE IMPACT
ADMA Biologics has increased its FY23 revenue forecast, which may positively impact its stock price.
Companies that raise their revenue forecasts are often viewed positively by investors, as it indicates better-than-expected performance. This could lead to increased demand for ADMA's stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100