Ferroglobe Narrows Adj. EBITDA $130M-$170M To $150M-$170M
Portfolio Pulse from Benzinga Newsdesk
Ferroglobe has updated its adjusted EBITDA guidance for the fiscal year, narrowing the range from $130M-$170M to $150M-$170M.
August 05, 2024 | 9:17 pm
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Ferroglobe has revised its adjusted EBITDA guidance for the fiscal year, narrowing the range to $150M-$170M, which suggests improved financial performance.
The narrowing of the adjusted EBITDA range to a higher minimum suggests that Ferroglobe is experiencing better-than-expected financial performance. This is likely to positively impact investor sentiment and the stock price in the short term.
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