Newell Brands Cuts FY23 Revenue Outlook From $8.2B - $8.34B To $8.02B - $8.09B Vs. $8.3B Est.
Portfolio Pulse from Benzinga Newsdesk
Newell Brands has reduced its FY23 revenue forecast from $8.2B-$8.34B to $8.02B-$8.09B, which is lower than the estimated $8.3B.
October 27, 2023 | 11:07 am
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NEGATIVE IMPACT
Newell Brands' lowered FY23 revenue outlook may negatively impact its stock price in the short term.
Newell Brands has lowered its FY23 revenue outlook, which is a key indicator of the company's future performance. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100