Bally's Lowers FY23 Revenue Guidance Provided In May From $2.5B - $2.6B To $2.4B - $2.5B Vs. $2.5B Est.
Portfolio Pulse from Benzinga Newsdesk
Bally's has lowered its FY23 revenue guidance from the previously stated $2.5B - $2.6B to $2.4B - $2.5B, which is below the estimated $2.5B.
November 01, 2023 | 11:27 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Bally's has revised its FY23 revenue guidance downwards, which is now below the estimated $2.5B. This could potentially impact the company's stock negatively.
Bally's has lowered its revenue guidance for FY23, which is now below the market estimate. This indicates that the company may not perform as well as expected, which could lead to a decrease in its stock price. Investors often react negatively to such news, which could lead to selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100