Noble Sees FY24 Total Revenue $2.55B-$2.70B vs $2.78B Est.
Portfolio Pulse from Benzinga Newsdesk
Noble Corporation projects its FY24 total revenue to be in the range of $2.55B-$2.70B, which is below the estimated $2.78B.
February 22, 2024 | 9:31 pm
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NEGATIVE IMPACT
Noble Corporation projects its FY24 total revenue to be lower than the estimated $2.78B, forecasting a range of $2.55B-$2.70B.
The projected revenue for FY24 being below the estimated figures suggests a potential underperformance compared to market expectations. This could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100