NCR Voyix Cuts FY24 Guidance, Total Revenue $2.805B–$2.860B (Prior $3.60B-$3.70B), Est $3.63B
Portfolio Pulse from Benzinga Newsdesk
NCR Voyix has updated its full-year 2024 guidance, significantly lowering its total revenue forecast to $2.805B–$2.860B from the previous $3.60B-$3.70B. This adjustment is due to the planned divestiture of its Digital Banking business, which will be classified as a discontinued operation starting in Q3 FY24.
August 06, 2024 | 10:14 am
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NCR Voyix has significantly lowered its FY24 revenue guidance to $2.805B–$2.860B from the previous $3.60B-$3.70B due to the planned divestiture of its Digital Banking business.
The significant reduction in revenue guidance is likely to negatively impact investor sentiment and the stock price in the short term. The divestiture of the Digital Banking business, while strategic, removes a revenue stream, contributing to the lowered outlook.
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