Conduent Lowers FY2023 Sales Guidance from $3.70B-3.80B to $3.70B-3.72B Vs. $3.73B Estimate
Portfolio Pulse from Benzinga Newsdesk
Conduent has revised its FY2023 sales guidance downwards from $3.70B-3.80B to $3.70B-3.72B, which is below the estimated $3.73B. The company's adjusted EBITDA margin is expected to be approximately 10.0%, and its adjusted free cash flow as a percentage of adjusted EBITDA is projected to be around 0%.
November 01, 2023 | 12:04 pm
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Conduent's lowered sales guidance for FY2023, which is below the estimated $3.73B, may negatively impact investor sentiment and potentially the company's stock price in the short term.
Conduent's revised sales guidance for FY2023 is below the estimated $3.73B. This downward revision may be perceived negatively by investors, potentially leading to a decrease in the company's stock price in the short term.
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RELEVANCE 100