Veralto Sees Q2 Adj. EPS $0.75-$0.80 vs $0.80 Est., Raises FY24 Adj. EPS Outlook To $3.25-$3.34 vs $3.29 Est.
Portfolio Pulse from Benzinga Newsdesk
Veralto has updated its financial outlook, projecting Q2 adjusted EPS to be between $0.75 and $0.80, compared to the estimated $0.80. Additionally, the company has raised its full-year 2024 adjusted EPS forecast to a range of $3.25 to $3.34, versus the consensus estimate of $3.29.
April 23, 2024 | 8:33 pm
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Veralto has adjusted its Q2 EPS forecast to $0.75-$0.80, below the $0.80 estimate, but raised its FY24 EPS outlook to $3.25-$3.34, above the $3.29 estimate.
The slight miss in Q2 EPS expectations may temporarily dampen investor sentiment, but the raised FY24 EPS outlook indicates stronger future performance, likely boosting investor confidence and potentially leading to a positive short-term price movement.
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