LKQ Lowers FY24 Organic Revenue Growth For Parts & Services Outlook From 2.5% - 4.5% To (1.25%) - 0.25%
Portfolio Pulse from Benzinga Newsdesk
LKQ Corporation has revised its FY24 organic revenue growth outlook for Parts & Services from a range of 2.5% - 4.5% to a range of -1.25% to 0.25%.
July 25, 2024 | 10:04 am
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LKQ Corporation has revised its FY24 organic revenue growth outlook for Parts & Services from a range of 2.5% - 4.5% to a range of -1.25% to 0.25%. This downward revision indicates potential challenges in the company's growth prospects.
The downward revision in revenue growth outlook suggests that LKQ is facing challenges in its Parts & Services segment, which could negatively impact investor sentiment and the stock price in the short term.
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