Inotiv Expects FY24 Revenues Of $580M-$590M, Estimate $582.65M
Portfolio Pulse from Benzinga Newsdesk
Inotiv, a contract research organization, has provided revenue guidance for fiscal year 2024, expecting revenues to be in the range of $580 million to $590 million. This forecast is in line with the analyst estimate of $582.65 million.
December 11, 2023 | 9:10 pm
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Inotiv has projected its FY24 revenues to be between $580M and $590M, which aligns closely with the analyst estimate of $582.65M.
Inotiv's revenue guidance for FY24 is consistent with analyst expectations, suggesting that the company's financial performance is on track with market predictions. This alignment typically does not cause significant stock price movement as it does not present new, unexpected information to the market. However, it does reinforce investor confidence in the company's ability to meet targets.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100