Commercial Vehicle Group Cuts FY24 Net Sales Forecast From $915M - $1.015B To $900M - $960M, Est $936.515M
Portfolio Pulse from Benzinga Newsdesk
Commercial Vehicle Group (CVGI) has revised its FY24 net sales forecast downwards from the previous range of $915M - $1.015B to $900M - $960M, with an estimated $936.515M.
August 05, 2024 | 8:47 pm
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Commercial Vehicle Group (CVGI) has lowered its FY24 net sales forecast, which may indicate potential challenges in the market or operational issues.
The downward revision of the sales forecast suggests that CVGI may be facing market or operational challenges, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100