Sensata Technologies Sees Q3 EPS $0.82-$0.88 Vs $0.94 Est.; Revenue $970M-$1B Vs $1.03B Est.
Portfolio Pulse from Benzinga Newsdesk
Sensata Technologies has revised its Q3 revenue forecast to a range of $970 million to $1 billion, down from the previously expected $1.03 billion.
July 29, 2024 | 9:16 pm
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Sensata Technologies has lowered its Q3 revenue forecast to $970 million to $1 billion, down from the previously expected $1.03 billion. This revision may indicate potential challenges in meeting previous revenue expectations.
The downward revision in revenue forecast suggests that Sensata Technologies may be facing challenges that could impact its financial performance. This is likely to have a negative short-term impact on the stock price as investors react to the lower expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100