Hydrofarm Holdings Group Reaffirms FY23 Revenue $230M-$240M Vs $233.55M Est.
Portfolio Pulse from Benzinga Newsdesk
Hydrofarm Holdings Group has reaffirmed its FY23 revenue guidance in the range of $230M-$240M, which is in line with the estimated $233.55M.

November 09, 2023 | 11:03 pm
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Hydrofarm Holdings Group's reaffirmed FY23 revenue guidance aligns with the current estimates, indicating stable financial expectations.
Hydrofarm Holdings Group's reaffirmed revenue guidance for FY23 is in line with the market estimates. This indicates that the company's financial expectations are stable and in line with market predictions, which is generally a positive sign for investors. However, as this reaffirmation is expected, it is unlikely to have a significant impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100