Livent Reduces 2023 Revenue Guidance From $1.025B-$1.125B To $890M-$940M vs $1.06B Est.
Portfolio Pulse from Benzinga Newsdesk
Livent Corporation has reduced its 2023 revenue guidance from $1.025B-$1.125B to $890M-$940M, which is below the estimated $1.06B.
October 31, 2023 | 8:30 pm
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NEGATIVE IMPACT
Livent Corporation's reduced 2023 revenue guidance may negatively impact its stock price in the short term.
Livent Corporation's reduced revenue guidance for 2023 is significantly lower than the estimated $1.06B. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100