Waste Management Cuts FY24 Revenue Growth Forecast From 6%-7% To 5%-5.75%
Portfolio Pulse from Benzinga Newsdesk
Waste Management has revised its FY24 revenue growth forecast downwards from the previously projected range of 6%-7% to a new range of 5%-5.75%.

April 24, 2024 | 9:26 pm
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Waste Management has lowered its revenue growth expectations for FY24, adjusting the forecast from 6%-7% to 5%-5.75%.
The revision of the revenue growth forecast by Waste Management is a significant indicator of potential challenges or slower growth than previously anticipated. This adjustment is likely to impact investor sentiment negatively in the short term, as expectations for future revenue growth are a key driver of stock price performance. The direct mention of the company and the specificity of the forecast change provide a clear basis for anticipating a negative impact on the stock price.
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