Harrow Cuts 2023 Revenue Guidance From $135M-$143M To $129M-$136M; Consensus $141.53M
Portfolio Pulse from Benzinga Newsdesk
Harrow has reduced its 2023 revenue guidance from the previous range of $135M-$143M to a new range of $129M-$136M, falling below the consensus estimate of $141.53M.
November 13, 2023 | 9:20 pm
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Harrow has revised its 2023 revenue outlook downwards, which is likely to negatively impact investor sentiment and the stock price in the short term.
A reduction in revenue guidance, especially when it falls below the consensus estimate, is typically seen as a negative indicator of a company's future performance and often leads to a decline in stock price as market expectations adjust to the new forecast.
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