TechnipFMC Reaffirms Its FY23 Guidance, Sees Subsea Revenue In Range Of $5.9B-6.3B And Surface Technologies In Range Of $1.3B-1.45B; And Free Cash Flow Of $225M – 375M
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC has reaffirmed its FY23 guidance, expecting subsea revenue in the range of $5.9B-$6.3B and surface technologies revenue in the range of $1.3B-$1.45B. The company also anticipates a free cash flow of $225M-$375M. No updates were made to the previous guidance issued on February 23, 2023.
October 26, 2023 | 11:13 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
TechnipFMC's reaffirmation of its FY23 guidance could provide stability for the company's stock in the short term as it shows confidence in their financial projections.
Reaffirming guidance is generally seen as a positive sign as it indicates that the company is confident in its ability to meet its financial targets. This could provide some stability for the stock in the short term. However, it's important to note that this doesn't guarantee any upward movement in the stock price, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100