Revvity Expects FY23 Revenue Of $2.72B-$2.74B Versus Consensus Of $2.83B And Prior Guidance Of $2.80B-$2.85B
Portfolio Pulse from Benzinga Newsdesk
Revvity has lowered its FY23 revenue guidance to $2.72B-$2.74B, down from the previous guidance of $2.80B-$2.85B. This is also below the consensus estimate of $2.83B.
October 30, 2023 | 10:07 am
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NEGATIVE IMPACT
Revvity's lowered revenue guidance for FY23 is below the consensus estimate and its previous guidance, which could negatively impact its stock price.
Revvity's revised revenue guidance is lower than both the consensus estimate and its previous guidance. This could be perceived negatively by the market, potentially leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100