Novavax shares are trading lower after the company cut its FY23 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Novavax shares have declined following the company's announcement of a reduction in its revenue guidance for the fiscal year 2023.
November 10, 2023 | 4:57 pm
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Novavax has reduced its revenue guidance for FY23, leading to a decrease in its stock price.
A company's revenue guidance is a critical indicator of its future performance and financial health. A downward revision typically signals to investors that the company may not perform as well as previously expected, which can lead to a decrease in stock price as market sentiment turns negative.
CONFIDENCE 90
IMPORTANCE 90
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