Neogen Lowers FY2024 Adjusted EBITDA Guidance To $210M-$215M Vs. Prior Guidance Of $230M-$240M
Portfolio Pulse from Benzinga Newsdesk
Neogen has revised its FY2024 Adjusted EBITDA guidance downwards to $210M-$215M from the previously projected range of $230M-$240M.
April 09, 2024 | 11:09 am
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Neogen has lowered its FY2024 Adjusted EBITDA guidance, indicating potential challenges or lower-than-expected performance.
A downward revision in earnings guidance often leads to negative investor sentiment as it suggests potential operational challenges or lower-than-expected financial performance. This can result in a short-term decrease in stock price.
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