The Joint Corp. Cuts FY23 Revenue Outlook From $123M-$128M To $115M-$118M; Est. $123.94M
Portfolio Pulse from Benzinga Newsdesk
The Joint Corp. has reduced its FY23 revenue outlook from $123M-$128M to $115M-$118M, which is below the estimated $123.94M.
September 13, 2023 | 9:00 pm
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NEGATIVE IMPACT
The Joint Corp.'s lowered FY23 revenue outlook could negatively impact its stock price in the short term.
The Joint Corp.'s revised FY23 revenue outlook is lower than the previous forecast and also falls short of the estimated $123.94M. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
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