Revvity Reaffirms 2024 Full Year Guidance Of Total Revenue Of $2.79B-$2.85B (Est $2.818B), Adjusted EPS Of $4.55-$4.75 (Est $4.66)
Portfolio Pulse from Benzinga Newsdesk
Revvity has reaffirmed its full-year guidance for 2024, projecting total revenue between $2.79 billion and $2.85 billion, with an estimated average of $2.818 billion. The company also expects its adjusted EPS to range from $4.55 to $4.75, closely aligning with the estimated average of $4.66.
March 20, 2024 | 9:04 pm
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POSITIVE IMPACT
Revvity reaffirms its 2024 revenue and EPS guidance, indicating confidence in its financial outlook and operational stability.
Reaffirming guidance, especially when it aligns with or exceeds analyst expectations, is generally viewed positively by the market. It suggests that Revvity is on track to meet or surpass its financial targets, reflecting well on its operational efficiency and market position. This can lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100