Waters Expects FY23 Reported Sales Growth Of -1%-Flat Versus Prior Range Of 3%-4%
Portfolio Pulse from Benzinga Newsdesk
Waters Corporation (WAT) has revised its FY23 reported sales growth forecast to -1%-flat, down from the previous range of 3%-4%. The company now expects FY23 organic constant currency sales growth to decline in the range of -2% to -1%, compared to the prior forecast of 0.5% to 1.5%. Currency translation is expected to decrease full-year organic sales growth by approximately 1.5%. The Wyatt transaction is expected to increase full-year reported sales growth by approximately 2.5%.
November 07, 2023 | 11:56 am
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Waters Corporation has lowered its FY23 sales growth forecast, which could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
Waters Corporation's revised sales growth forecast is significantly lower than its previous forecast. This indicates potential challenges in the company's operations or market conditions, which could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100