Repligen Expects 2024 Revenues Of $620M-$635M Versus Prior Guidance Of $620M-$650M And Consensus Of $636.562M, Reaffirms 2024 Adjusted EPS Guidance Of $1.42-$1.49 Versus Consensus Of $1.45
Portfolio Pulse from Benzinga Newsdesk
Repligen has updated its 2024 revenue guidance to $620M-$635M, down from the previous $620M-$650M, and reaffirmed its adjusted EPS guidance of $1.42-$1.49. The guidance includes the impact of 2023 acquisitions but excludes potential 2024 acquisitions and currency fluctuations.
July 30, 2024 | 11:36 am
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Repligen has revised its 2024 revenue guidance to $620M-$635M, slightly below the previous range of $620M-$650M, and reaffirmed its adjusted EPS guidance of $1.42-$1.49. This update includes the impact of 2023 acquisitions but excludes potential 2024 acquisitions and currency fluctuations.
The slight downward revision in revenue guidance may cause some concern among investors, but the reaffirmation of adjusted EPS guidance should provide some reassurance. The impact on the stock price is likely to be neutral in the short term.
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