LKQ Cuts FY24 Organic Revenue Growth Outlook From 3.5% - 5.5% to 2.5% - 4.5%
Portfolio Pulse from Benzinga Newsdesk
LKQ Corporation has revised its FY24 organic revenue growth forecast downwards from the previously projected range of 3.5% - 5.5% to a new range of 2.5% - 4.5%.
April 23, 2024 | 10:05 am
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LKQ Corporation has lowered its forecast for FY24 organic revenue growth, indicating a potential slowdown in business growth.
LKQ Corporation's revision of its FY24 organic revenue growth outlook to a lower range suggests a less optimistic view of its business growth prospects. This adjustment could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively as market participants recalibrate their expectations based on the new forecast.
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