IDEX Expects FY24 Organic Sales Growth To Decline 1% - 2% Y/Y, Down From Previous Guidance Of An Increase Of 0% - 2%
Portfolio Pulse from Benzinga Newsdesk
IDEX Corporation (IEX) has revised its FY24 organic sales growth guidance to a decline of 1% - 2% year-over-year, down from the previous guidance of an increase of 0% - 2%.
July 31, 2024 | 8:45 pm
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IDEX Corporation (IEX) has revised its FY24 organic sales growth guidance to a decline of 1% - 2% year-over-year, down from the previous guidance of an increase of 0% - 2%. This negative revision may impact investor sentiment and put downward pressure on the stock price in the short term.
The downward revision in sales growth guidance indicates potential challenges in the company's operations or market conditions. This is likely to negatively affect investor sentiment and could lead to a short-term decline in the stock price.
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