SI-BONE Increases Its FY23 Revenue Guidance From $132M-$134M To $136M-$137M Vs $133.3M Est.
Portfolio Pulse from Benzinga Newsdesk
SI-BONE has increased its FY23 revenue guidance from $132M-$134M to $136M-$137M, which is higher than the estimated $133.3M.

November 06, 2023 | 10:04 pm
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POSITIVE IMPACT
SI-BONE's increased FY23 revenue guidance could potentially lead to a positive impact on its stock price.
Companies often see their stock prices increase when they raise their revenue guidance, as it signals stronger future performance. Given that SI-BONE's new guidance is also higher than the market estimate, this could lead to increased investor confidence and a potential rise in the stock price.
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IMPORTANCE 80
RELEVANCE 100