Magnachip Now Expects FY24 Consolidated Revenue Flattish-To-Slightly Down, Compared To Prior Expectation Of Flat-To-Up-slightly Y/Y
Portfolio Pulse from Benzinga Newsdesk
Magnachip has revised its FY24 consolidated revenue expectations from flat-to-up slightly to flattish-to-slightly down year-over-year.
July 31, 2024 | 9:14 pm
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Magnachip has revised its FY24 consolidated revenue expectations from flat-to-up slightly to flattish-to-slightly down year-over-year. This revision indicates potential challenges in revenue growth, which could negatively impact investor sentiment and the stock price in the short term.
The downward revision in revenue expectations suggests that Magnachip may face challenges in achieving growth, which could lead to a negative reaction from investors and a potential decline in the stock price in the short term.
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