CTS Slashes FY23 Revenue Outlook From $565M – $585M To $545M - $555M Vs. $572.97M Est.
Portfolio Pulse from Benzinga Newsdesk
CTS Corporation has reduced its revenue forecast for FY23 from $565M-$585M to $545M-$555M, which is below the estimated $572.97M.
October 26, 2023 | 12:03 pm
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CTS Corporation has lowered its FY23 revenue outlook, which is now below the estimated $572.97M. This could negatively impact the company's stock price.
CTS Corporation's revised revenue outlook for FY23 is lower than the previous forecast and also below the estimated $572.97M. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100