Westrock Coffee Sees FY23 Adj. EBITDA To Fall Below Previous Guidance Range OF Flat To 10% YoY
Portfolio Pulse from Benzinga Newsdesk
Westrock Coffee has revised its FY23 adjusted EBITDA guidance, now expecting it to fall below the previously projected range of flat to 10% YoY growth.
November 09, 2023 | 10:03 pm
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Westrock Coffee's revised FY23 adjusted EBITDA guidance, which is now expected to fall below the previously projected range, could negatively impact the company's stock price.
Companies' stock prices are often influenced by their earnings guidance. In this case, Westrock Coffee's downward revision of its FY23 adjusted EBITDA guidance could lead to a negative market reaction, potentially causing a decrease in the company's stock price.
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