Gilead Sciences Sees FY24 Sales $27.1B-$27.5B Vs $27.982B
Portfolio Pulse from Benzinga Newsdesk
Gilead Sciences projects its FY24 sales to be between $27.1 billion and $27.5 billion, which is below the expected $27.982 billion.
April 25, 2024 | 8:03 pm
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Gilead Sciences anticipates FY24 sales to be lower than expected, estimating revenues between $27.1 billion and $27.5 billion compared to the forecasted $27.982 billion.
Gilead Sciences' projection of lower-than-expected sales for FY24 could lead to negative investor sentiment and potentially decrease the stock price in the short term. The discrepancy between the company's forecast and the expected $27.982 billion indicates a potential slowdown in revenue growth, which is a critical factor for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100