Vontier Corp Expects Q4 Total Sales Down Low-Double Digits Vs $801.85M Est, Adj EPS $0.75-$0.79 Vs $0.82 Est; FY23 Total Sales Down Low-Single Digits Vs $3.09B Est, Adj EPS $2.83-$2.87 (Prior $2.79-$2.87) Vs $2.85 Est
Portfolio Pulse from Benzinga Newsdesk
Vontier Corp has provided its Q4 and FY23 outlook, expecting a decrease in total sales and adjusted EPS. For Q4, total sales are expected to be down low-double digits compared to the $801.85M estimate, with an adjusted EPS of $0.75-$0.79 versus the $0.82 estimate. For FY23, total sales are expected to be down low-single digits compared to the $3.09B estimate, with an adjusted EPS of $2.83-$2.87, compared to the prior range of $2.79-$2.87 and the $2.85 estimate.
November 02, 2023 | 10:38 am
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Vontier Corp's Q4 and FY23 outlook indicates a decrease in total sales and adjusted EPS, which may negatively impact the company's stock price in the short term.
Vontier Corp's outlook for Q4 and FY23 shows a decrease in total sales and adjusted EPS compared to estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
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