Knife River Corp Expects FY23 Revenue $2.7B- $2.8B (Prior $2.6B-$2.8B) Vs $2.71B Est
Portfolio Pulse from Benzinga Newsdesk
Knife River Corp has raised and narrowed its guidance for revenue and Adjusted EBITDA for FY23. The company expects full year 2023 revenue to be in the range of $2.7 billion to $2.8 billion, and Adjusted EBITDA to be in the range of $400 million to $430 million.

November 06, 2023 | 12:09 pm
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POSITIVE IMPACT
Knife River Corp's updated guidance for FY23 revenue and Adjusted EBITDA is likely to positively impact its stock price.
Companies often see their stock prices increase when they raise their financial guidance, as it signals to investors that the company is performing well and expects to continue doing so. In this case, Knife River Corp's raised guidance for FY23 revenue and Adjusted EBITDA is likely to be seen as a positive sign by investors, potentially leading to an increase in its stock price.
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IMPORTANCE 80
RELEVANCE 100