ANI Pharmaceuticals Sees FY23 Adj. EPS of $4.29-$4.57 Versus Prior Guidance Of $3.62-$4.11 And Consensus of $4.08
Portfolio Pulse from Benzinga Newsdesk
ANI Pharmaceuticals has updated its FY23 revenue guidance to $4.29-$4.57 billion, up from the previous guidance of $3.62-$4.11 billion and above the consensus estimate of $4.08 billion.
November 08, 2023 | 11:58 am
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ANI Pharmaceuticals has raised its FY23 revenue guidance, which is now significantly above the consensus estimate. This could positively impact the company's stock price.
Companies often see their stock prices rise when they raise their revenue guidance, especially when the new guidance is above the consensus estimate. This is because it signals to investors that the company is performing better than expected, which can increase demand for the stock and push up its price.
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