Masimo Sees FY23 EPS $2.85-$3.05 Vs $3.42 Est.; Revenue $2.025B-$2.075B Vs $2.13B Est.
Portfolio Pulse from Benzinga Newsdesk
Masimo Corporation has provided its financial guidance for FY23, expecting EPS to be between $2.85 and $3.05, which is lower than the estimated $3.42. The company also anticipates revenue to be between $2.025B and $2.075B, lower than the estimated $2.13B.
November 07, 2023 | 10:21 pm
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NEGATIVE IMPACT
Masimo's FY23 guidance is lower than estimates, which could negatively impact the company's stock price in the short term.
Masimo's lower than expected guidance for FY23 indicates potential challenges in the company's performance. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100