Revvity shares are trading lower after the company reported worse-than-expected Q3 results lowered its FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Revvity reported worse-than-expected Q3 results and lowered its FY23 guidance, causing its shares to trade lower.
October 30, 2023 | 11:41 am
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NEGATIVE IMPACT
Revvity's shares are trading lower due to poor Q3 results and a reduction in FY23 guidance.
Revvity's worse-than-expected Q3 results and lowered FY23 guidance are negative indicators for the company's performance, which has led to a decrease in its stock price. Investors may be concerned about the company's future profitability, leading to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100