Tactile Systems Technology Raises FY23 Revenue Guidance From $274M-$278M To $273M-$277M Vs $276.17M Est.
Portfolio Pulse from Benzinga Newsdesk
Tactile Systems Technology has revised its FY23 revenue guidance from the range of $274M-$278M to $273M-$277M, representing a growth of approximately 11% to 12% year-over-year. The previous guidance was projecting a growth of 11% to 13% year-over-year.
November 06, 2023 | 10:11 pm
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Tactile Systems Technology has lowered its FY23 revenue guidance, which may impact investor sentiment and the company's stock price.
Tactile Systems Technology has revised its FY23 revenue guidance downwards. This could potentially lead to negative investor sentiment as it indicates a lower than previously expected growth rate. This could, in turn, put downward pressure on the company's stock price in the short term.
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