Armstrong World Industries Sees 2024 Sales Of $1.415B-$1.44B Versus Prior Guidance Of $1.395B-$1.435B And Consensus Of $1.413B
Portfolio Pulse from Benzinga Newsdesk
Armstrong World Industries has updated its 2024 sales guidance to a range of $1.415 billion to $1.44 billion, up from the previous range of $1.395 billion to $1.435 billion. This new guidance is also above the consensus estimate of $1.413 billion.
July 30, 2024 | 10:06 am
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Armstrong World Industries has increased its 2024 sales guidance to $1.415 billion to $1.44 billion, which is higher than both its previous guidance and the consensus estimate. This positive revision is likely to boost investor confidence and could lead to a short-term increase in the stock price.
The upward revision in sales guidance indicates stronger-than-expected performance, which is likely to be viewed positively by investors. This could result in a short-term increase in AWI's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100