Revvity Revises 2024 Revenue Forecast To $2.76B-$2.82B From Prior Guidance Of $2.79B-$2.85B Versus Consensus Of $2.81B
Portfolio Pulse from Benzinga Newsdesk
Revvity has adjusted its 2024 revenue forecast to a range of $2.76B-$2.82B, down from the previously projected range of $2.79B-$2.85B. This new forecast is slightly below the consensus expectation of $2.81B.
April 29, 2024 | 10:04 am
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Revvity has revised its 2024 revenue forecast downwards, now expecting to generate between $2.76B and $2.82B, compared to the previous forecast of $2.79B-$2.85B and below the consensus of $2.81B.
Revvity's downward revision of its 2024 revenue forecast suggests a less optimistic outlook than previously communicated, which could lead to negative investor sentiment in the short term. This adjustment, especially being below the market consensus, may cause concern among investors about the company's growth prospects and operational efficiency, potentially leading to a decrease in stock price.
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