Allegion Raises FY23 Adj EPS From $6.70 - $6.80 To $6.80 - $6.90 Vs. $6.75 Est.
Portfolio Pulse from Benzinga Newsdesk
Allegion has increased its FY23 adjusted EPS guidance from $6.70 - $6.80 to $6.80 - $6.90, which is higher than the estimated $6.75.
October 31, 2023 | 9:34 am
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POSITIVE IMPACT
Allegion's raised FY23 adjusted EPS guidance is likely to positively impact its stock price in the short term.
Allegion's raised EPS guidance for FY23 indicates better than expected profitability, which is a positive signal to investors. This could lead to increased demand for the stock, potentially driving up its price in the short term.
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