Cooper Standard Cuts FY24 Sales Outlook From $2.8B - $2.9B To $2.7B - $2.8B, Est $2.87B
Portfolio Pulse from Benzinga Newsdesk
Cooper Standard has revised its FY24 sales outlook downward from $2.8B - $2.9B to $2.7B - $2.8B, compared to an estimated $2.87B.
August 01, 2024 | 9:05 pm
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Cooper Standard has lowered its FY24 sales outlook to $2.7B - $2.8B, down from the previous range of $2.8B - $2.9B, and below the estimated $2.87B.
The downward revision of the sales outlook indicates potential challenges in revenue generation for Cooper Standard, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100