Wesco Now Expects 2023 Reported Net Sales Growth Of Approximately 5%, Near The Low-end Of Prior Range Of 5%-7% Driven By Moderating End Market Conditions
Portfolio Pulse from Benzinga Newsdesk
Wesco International Inc. (WCC) has revised its 2023 net sales growth forecast to approximately 5%, which is at the lower end of its previous estimate of 5%-7%. This revision is due to moderating end market conditions.
November 02, 2023 | 10:11 am
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Wesco's revised sales growth forecast could potentially impact investor sentiment and the company's stock price.
Wesco's lowered sales growth forecast indicates a potential slowdown in the company's growth, which could negatively impact investor sentiment and lead to a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
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