TechnipFMC Reaffirmed FY24 Guidance: Subsea Revenue Of $7.2B-$7.6B And Surface Technologies Of $1.2B-$1.35B; And Free Cash Flow Of $350M- $500M
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC has reaffirmed its FY24 guidance, projecting subsea revenue of $7.2B-$7.6B and surface technologies revenue of $1.2B-$1.35B, along with a free cash flow of $350M-$500M.
April 25, 2024 | 10:49 am
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TechnipFMC reaffirms its FY24 financial guidance, indicating strong future revenue and cash flow.
Reaffirming financial guidance often signals to investors that the company is on track to meet or exceed its financial targets, which can positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
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