Dorman Products Cuts FY23 Revenue Outlook From $1.95B - $2B To $1.925B - $1.945B Vs. $1.96B Est.
Portfolio Pulse from Benzinga Newsdesk
Dorman Products has reduced its FY23 revenue forecast from $1.95 billion - $2 billion to $1.925 billion - $1.945 billion, which is below the estimated $1.96 billion.

October 31, 2023 | 11:03 am
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Dorman Products has lowered its FY23 revenue outlook, which is now below the estimated value. This could negatively impact investor sentiment.
Companies often see their stock prices fall when they lower their revenue forecasts, as it suggests they may not perform as well as expected. In this case, Dorman Products' new forecast is even below the estimated value, which could further dampen investor sentiment.
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