Organon Narrows FY23 Revenue Guidance Range To $6.150B-$6.250B From $6.250B-$6.450B Prior, Versus Consensus Of $6.31B
Portfolio Pulse from Benzinga Newsdesk
Organon has revised its FY23 revenue guidance range downwards to $6.150B-$6.250B from the previous $6.250B-$6.450B. The new guidance is below the consensus estimate of $6.31B.
November 02, 2023 | 11:34 am
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Organon's downward revision of its FY23 revenue guidance could negatively impact its stock price in the short term.
Companies' stock prices are often influenced by their financial outlook. Organon's downward revision of its FY23 revenue guidance, which is also below the consensus estimate, could be perceived negatively by investors, potentially leading to a decrease in its stock price in the short term.
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