Inotiv Withdraws FY24 Financial Guidance Citing Significant Impact That NHP Revenue Has On Consolidated Revenue And Margins, And Current Uncertainty In Customer Demand For NHPs
Portfolio Pulse from Benzinga Newsdesk
Inotiv has withdrawn its FY24 financial guidance due to the significant impact of Non-Human Primate (NHP) revenue on its consolidated revenue and margins, coupled with current uncertainty in customer demand for NHPs.
May 15, 2024 | 8:15 pm
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Inotiv has withdrawn its FY24 financial guidance due to the significant impact of NHP revenue on its consolidated revenue and margins, and current uncertainty in customer demand for NHPs.
The withdrawal of financial guidance indicates potential instability and uncertainty in Inotiv's revenue streams and profitability, which is likely to negatively impact investor sentiment and the stock price in the short term.
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