Reynolds Consumer Products Revises FY23 Net Revenues Outlook From +/-1% To -2%, EPS Outlook From $1.34-$1.41 To $1.37-$1.41
Portfolio Pulse from Benzinga Newsdesk
Reynolds Consumer Products has revised its FY23 net revenues outlook from +/-1% to -2%, and its EPS outlook from $1.34-$1.41 to $1.37-$1.41.
November 08, 2023 | 12:10 pm
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Reynolds Consumer Products has downgraded its FY23 net revenues outlook, which could negatively impact investor sentiment and the company's stock price.
Reynolds Consumer Products has revised its FY23 net revenues outlook to -2%, a downgrade from the previous +/-1%. This could be seen as a negative signal by investors, potentially leading to a decrease in the company's stock price in the short term. The EPS outlook has been narrowed to $1.37-$1.41, which may also impact investor sentiment.
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