Biogen Sees FY23 Revenue To Decline In Low-single Digit Percentage Versus Mid-single Digit Percentage Decline When Compared To FY22
Portfolio Pulse from Benzinga Newsdesk
Biogen has revised its FY23 revenue forecast, now expecting a low-single digit percentage decline compared to FY22, as opposed to the previously anticipated mid-single digit percentage decline.
November 08, 2023 | 12:03 pm
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Biogen's revised FY23 revenue forecast indicates a less severe decline than previously expected, which could be perceived positively by investors.
Biogen's revised forecast indicates that the company expects its FY23 revenues to decline by a lower percentage than previously anticipated. This suggests that the company's financial performance may not be as negatively impacted as initially thought, which could be perceived positively by investors and potentially lead to an increase in the company's stock price in the short term.
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