LivaNova Raises FY24 Adjusted EPS In The Range Of $3.05-$3.15 Vs. $3 Estimate (Prior View: $2.95-$3.05); Expects Revenue To Grow Between 8%-9% On Constant-currency Basis (Prior View: 4%-5%)
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LivaNova has updated its financial outlook for FY24, raising its adjusted EPS forecast to $3.05-$3.15 from the previous $2.95-$3.05 range and expecting revenue growth of 8%-9% on a constant-currency basis, an increase from the prior 4%-5% estimate. The company also anticipates a 1% headwind from foreign currency based on current exchange rates and maintains its adjusted free cash flow projection at $95-$115 million.
May 01, 2024 | 10:10 am
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LivaNova raises its FY24 adjusted EPS forecast to $3.05-$3.15 and expects 8%-9% revenue growth on a constant-currency basis, with adjusted free cash flow projected at $95-$115 million.
The upward revision in LivaNova's FY24 financial outlook, including both adjusted EPS and revenue growth, is a positive signal to investors, indicating stronger than expected financial performance and operational efficiency. The increase in projected revenue growth, especially on a constant-currency basis, suggests that the company is effectively managing its operations amidst foreign currency fluctuations. The maintained projection for adjusted free cash flow further supports the company's financial stability and operational efficiency. These factors combined are likely to have a positive impact on investor sentiment and the stock price in the short term.
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