LivaNova Now Expects FY24 Revenue To Grow 7% - 8% (Prior 6% - 7%) On Constant-Currency Basis; Raises Adjusted EPS Forecast From $3.05 - $3.15 To $3.10 - $3.20, Est $3.10
Portfolio Pulse from Benzinga Newsdesk
LivaNova has raised its FY24 revenue growth forecast to 7%-8% from the previous 6%-7% on a constant-currency basis. The company also increased its adjusted EPS forecast to $3.10-$3.20 from $3.05-$3.15. Excluding the ACS segment wind down, revenue growth is expected to be 9%-10%. Foreign currency is anticipated to be a 1% headwind.
July 31, 2024 | 10:11 am
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POSITIVE IMPACT
LivaNova has raised its FY24 revenue growth forecast to 7%-8% and adjusted EPS forecast to $3.10-$3.20. Excluding the ACS segment wind down, revenue growth is expected to be 9%-10%.
The upward revision in revenue and EPS forecasts is a positive indicator for LivaNova's financial health and future performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100