Entegris Expects Q1 FY2024 Sales Of $755M-$775M Versus Prior Guidance Of $770M-$790M And Consensus Of $787.03M
Portfolio Pulse from Benzinga Newsdesk
Entegris has revised its Q1 FY2024 sales forecast to $755M-$775M, down from the previous guidance of $770M-$790M and below the consensus estimate of $787.03M.
March 04, 2024 | 12:16 pm
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Entegris has lowered its Q1 FY2024 sales forecast, indicating potential revenue challenges ahead.
The revision of Entegris' sales forecast to a lower range than previously guided and below consensus estimates suggests potential challenges in meeting revenue targets. This could lead to negative investor sentiment in the short term, impacting the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100