NanoString Announces It Is Withdrawing Its Full Year 2023 And Q4 Financial Guidance, Pending A Review Of The Impact Of This Litigation Outcome On Its Business
Portfolio Pulse from Benzinga Newsdesk
NanoString Technologies, Inc. has announced the withdrawal of its full year 2023 and Q4 financial guidance due to the need to review the impact of a recent litigation outcome on its business operations.
November 20, 2023 | 3:06 am
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NEGATIVE IMPACT
NanoString Technologies, Inc. has withdrawn its financial guidance for the full year 2023 and Q4, indicating uncertainty due to a litigation outcome.
The withdrawal of financial guidance by NanoString is a significant negative signal to investors, as it suggests potential adverse effects from the litigation outcome. This uncertainty can lead to decreased investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100