Chemours Sees Prelim FY23 Net Sales ~$6B Vs $6.019B Est.
Portfolio Pulse from Benzinga Newsdesk
Chemours has announced its preliminary financial results for FY23, expecting net sales to be around $6 billion, slightly below the estimated $6.019 billion.
February 29, 2024 | 2:55 pm
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Chemours expects FY23 net sales to be approximately $6 billion, marginally missing the analyst estimate of $6.019 billion.
The slight miss in expected net sales compared to analyst estimates could lead to a negative short-term reaction in the stock market. Investors often react to such misses by adjusting their expectations and potentially reducing their stock holdings, leading to a decrease in stock price.
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