Catalent Expects FY24 Revenue $4.30B - $4.50B Vs. $4.21B Est., Adj. Net Income $113M - $175M, Adj. EBITDA $680M - $760M
Portfolio Pulse from Benzinga Newsdesk
Catalent has projected its FY24 revenue to be between $4.30B and $4.50B, which is higher than the estimated $4.21B. The company also expects its adjusted net income to be between $113M and $175M, and adjusted EBITDA to be between $680M and $760M.
August 29, 2023 | 11:09 am
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POSITIVE IMPACT
Catalent's FY24 revenue, adjusted net income, and EBITDA projections are higher than estimates, which could positively impact the company's stock price.
Catalent's higher than expected revenue, net income, and EBITDA projections for FY24 indicate a positive financial outlook for the company. This could lead to increased investor confidence and a potential rise in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100