APi Group Sees Q3 Revenue $1.86B-$1.91B Vs $1.93B Est.; FY24 Revenue $7.15B-$7.35B Vs $7.23B Est.
Portfolio Pulse from Benzinga Newsdesk
APi Group has announced its Q3 and FY24 revenue guidance. The company expects Q3 revenue to be between $1.86B and $1.91B, slightly below the $1.93B estimate. For FY24, revenue is projected to be between $7.15B and $7.35B, close to the $7.23B estimate. The company also reaffirmed its full-year net revenue guidance and narrowed its adjusted EBITDA range.
August 01, 2024 | 11:39 am
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APi Group's Q3 revenue guidance of $1.86B-$1.91B is slightly below the $1.93B estimate, which may cause short-term negative sentiment. However, the FY24 revenue guidance of $7.15B-$7.35B is close to the $7.23B estimate, which could mitigate some concerns.
The Q3 revenue guidance being slightly below estimates may lead to short-term negative sentiment among investors. However, the FY24 revenue guidance being close to estimates could help mitigate some of the negative impact.
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