L.B. Foster Revises FY23 Revenue Guidance From $520M - $550M To $530M - $540M Vs. $541.04M Est
Portfolio Pulse from Benzinga Newsdesk
L.B. Foster has revised its FY23 revenue guidance from $520M - $550M to $530M - $540M, which is slightly below the estimated $541.04M.
November 07, 2023 | 1:05 pm
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NEGATIVE IMPACT
L.B. Foster's revised FY23 revenue guidance is slightly below the estimated $541.04M, which may negatively impact the company's stock price.
L.B. Foster's revised FY23 revenue guidance is slightly below the market's expectations. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100