Granite Construction Narrowed FY24 Revenue Outlook To $3.9B-$4.0B (From $3.8B-$4.0B) Vs $3.90B Estimate
Portfolio Pulse from Benzinga Newsdesk
Granite Construction has narrowed its FY24 revenue outlook to $3.9B-$4.0B from the previous range of $3.8B-$4.0B, aligning with the $3.90B estimate.
August 01, 2024 | 10:50 am
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Granite Construction has adjusted its FY24 revenue outlook to a range of $3.9B-$4.0B, which is a slight improvement from the previous range of $3.8B-$4.0B and aligns with the $3.90B estimate.
The narrowing of the revenue outlook to a higher minimum suggests a more optimistic view of the company's performance, which could positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100