Primo Water Corp Expects Q3 Revenue $612M-$632M Vs $622.8M Est, FY23 Revenue $2.320B-$2.360B (Prior $2.30B-$2.35B) Vs $2.33B Est
Portfolio Pulse from Benzinga Newsdesk
Primo Water Corp has updated its Q3 revenue forecast to be between $612M and $632M, compared to the estimated $622.8M. The company also revised its FY23 revenue projection to range from $2.320B to $2.360B, up from the previous forecast of $2.30B to $2.35B, against an estimate of $2.33B.
August 10, 2023 | 10:34 am
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Primo Water Corp's revised revenue forecasts for Q3 and FY23 are higher than previous estimates, which could potentially lead to a positive impact on the company's stock.
Primo Water Corp's revised revenue forecasts for both Q3 and FY23 are higher than the previous estimates. This indicates that the company is expecting stronger performance, which could potentially lead to a positive impact on the company's stock. Investors often react positively to upward revisions in revenue forecasts as it suggests potential growth.
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