APi Group Corporation Sees Q2 Net Revenues of $1.750B-$1.80B Vs. $1.81B Estimate; Projects Adjusted EBITDA Of $220M-$235M
Portfolio Pulse from Benzinga Newsdesk
APi Group Corporation projects its Q2 net revenues to be between $1.750 billion and $1.800 billion, which is below the estimated $1.81 billion. The company also forecasts its adjusted EBITDA to be in the range of $220 million to $235 million.
May 02, 2024 | 11:41 am
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APi Group Corporation projects lower-than-expected Q2 net revenues and provides adjusted EBITDA estimates.
The projection of net revenues below the estimated figures suggests a potential negative impact on investor sentiment and stock price in the short term. The detailed forecast of adjusted EBITDA further emphasizes the company's financial outlook, which is crucial for investors' decision-making.
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