Astronics Reports Preliminary Q4 Revenue Of $193M-$195M, Est. $197M
Portfolio Pulse from Benzinga Newsdesk
Astronics Corporation has reported preliminary Q4 revenue of $193M-$195M, which falls short of the estimated $197M. This indicates a potential revenue miss for the quarter.
January 09, 2024 | 9:28 pm
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Astronics Corporation's preliminary Q4 revenue is below expectations, which could lead to a negative short-term reaction in its stock price.
Revenue figures are a critical indicator of a company's financial performance. The reported preliminary revenue of $193M-$195M by Astronics falls below the estimated $197M, which could disappoint investors and negatively affect the stock price in the short term. Given that this is a preliminary report, the actual impact could be more pronounced if the final figures confirm a miss or less if they are adjusted upwards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100