Custom Truck One Source Cuts FY24 Revenue Outlook From $2B-$2.18B To $1.95B-$2.13B, Est $2.08B
Portfolio Pulse from Benzinga Newsdesk
Custom Truck One Source (CTOS) has revised its FY24 revenue forecast downwards from the previous range of $2B-$2.18B to a new range of $1.95B-$2.13B, against analysts' expectations of $2.08B.
May 02, 2024 | 9:12 pm
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Custom Truck One Source has reduced its FY24 revenue projections, indicating potential challenges ahead.
A downward revision in revenue outlook often leads to negative investor sentiment as it suggests potential operational or market challenges. Given that the new forecast range is below the analysts' expectations, this could lead to a short-term negative impact on CTOS's stock price.
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