KORU Medical Systems Reduces FY23 Revenue Guidance From $31M-$32.5M To $28M-$28.5M vs $31.06M Est.
Portfolio Pulse from Benzinga Newsdesk
KORU Medical Systems has reduced its FY23 revenue guidance from $31M-$32.5M to $28M-$28.5M, which is below the estimated $31.06M.
November 08, 2023 | 11:03 pm
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NEGATIVE IMPACT
KORU Medical Systems' reduced FY23 revenue guidance may negatively impact its stock price in the short term.
KORU Medical Systems has lowered its FY23 revenue guidance, which is a key indicator of a company's financial health and future performance. This reduction, especially when it falls below estimates, can be seen as a negative signal by investors, potentially leading to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100