Pagaya Technologies Expects Preliminary 2023 Network Volume And Adjusted ABITDA To Exceed The High End Of FY 2023 Outlook Ranges
Portfolio Pulse from Benzinga Newsdesk
Pagaya Technologies anticipates that its preliminary 2023 network volume and adjusted ABITDA will surpass the upper limits of its forecasted ranges for the fiscal year 2023. This positive outlook suggests that the company is performing better than expected in terms of both network growth and profitability.
January 16, 2024 | 1:24 pm
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Pagaya Technologies expects its 2023 network volume and adjusted ABITDA to exceed the high end of its previously provided outlook for FY 2023, indicating robust performance and potential upside for investors.
The company's anticipation of exceeding its network volume and adjusted ABITDA forecasts is a strong indicator of financial health and operational efficiency. This news is likely to be received positively by investors, potentially leading to an increase in stock price in the short term as it reflects better-than-expected performance and profitability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100