BioNTech Updates FY23 COVID-19 Vaccine Revenue Guidance Of Around €4B, Compared To Prior Guidance Of Approximately €5B
Portfolio Pulse from Benzinga Newsdesk
BioNTech has updated its FY23 revenue guidance for its COVID-19 vaccine to around €4B, down from the previous estimate of approximately €5B.
November 06, 2023 | 11:49 am
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BioNTech's updated FY23 revenue guidance for its COVID-19 vaccine is lower than previously estimated, which could negatively impact its stock price.
BioNTech's revenue guidance for FY23 has been lowered from €5B to around €4B. This reduction in expected revenue could lead to a decrease in the company's stock price as it indicates a potential decrease in future profitability.
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