Penumbra Reiterates FY24 Revenue $1.230B-$1.270B Vs $1.246B Est.
Portfolio Pulse from Benzinga Newsdesk
Penumbra has reaffirmed its fiscal year 2024 revenue forecast to be in the range of $1.230 billion to $1.270 billion, aligning closely with the analyst estimate of $1.246 billion.
May 07, 2024 | 9:20 pm
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POSITIVE IMPACT
Penumbra reiterates its FY24 revenue guidance, closely matching analyst expectations.
Reiterating revenue guidance that aligns with analyst estimates typically instills confidence in investors about the company's financial health and future prospects. This announcement is likely to have a positive impact on Penumbra's stock price in the short term as it confirms the company's growth trajectory and operational stability.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100