Penumbra Cuts FY24 Total Revenue Guidance Range From $1.23B - $1.27B To $1.18B - $1.20B, Est $1.241B
Portfolio Pulse from Benzinga Newsdesk
Penumbra has revised its FY24 total revenue guidance downwards from the range of $1.23B - $1.27B to $1.18B - $1.20B, citing a $60 million impact from four distinct components affecting revenue in the second half of the year.
July 30, 2024 | 8:51 pm
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Penumbra has lowered its FY24 revenue guidance from $1.23B-$1.27B to $1.18B-$1.20B, indicating a $60 million impact from four components affecting revenue in the second half of the year.
The downward revision in revenue guidance suggests potential challenges in the second half of the year, which could negatively impact investor sentiment and the stock price in the short term.
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