Stratasys Expects FY23 Sales Of $620M-$630M Versus Prior Guidance Of $630M-$670M And Consensus Of $640.89M
Portfolio Pulse from Benzinga Newsdesk
Stratasys has updated its FY23 sales forecast, now expecting sales to be between $620M-$630M, which is lower than its previous guidance of $630M-$670M and below the consensus estimate of $640.89M.
November 16, 2023 | 12:43 pm
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Stratasys has lowered its FY23 sales guidance, indicating potential challenges or slower growth, which may lead to a negative investor sentiment in the short term.
Stratasys' reduction in sales forecast is a direct indicator of potential underperformance. This revision is likely to be perceived negatively by investors as it suggests that the company may not meet market expectations, which could result in a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100