NN Narrows 2023 Revenue Guidance From $485M-$505M To $487M-$497M
Portfolio Pulse from Benzinga Newsdesk
NN Inc. has revised its 2023 revenue guidance from $485M-$505M to $487M-$497M. The adjustment is to align with the company's year-to-date results and expectations for consistent demand levels year-over-year, according to CFO Michael Felcher.
November 06, 2023 | 10:16 pm
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NN Inc.'s revised 2023 revenue guidance may impact investor sentiment. The narrower range suggests a more certain outlook, potentially indicating stable demand and consistent performance.
NN Inc.'s revised revenue guidance for 2023 narrows the range, suggesting a more certain outlook. This could be interpreted as a positive sign of stable demand and consistent performance, which may impact investor sentiment. However, the actual impact on the stock price will depend on how investors interpret this revision and the overall market conditions.
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