nVent Electric Raised FY24 Reported Sales Growth Outlook To 11%-13% From Prior Guidance Of 8%-10%
Portfolio Pulse from Benzinga Newsdesk
nVent Electric has raised its FY24 reported sales growth outlook to 11%-13%, up from the prior guidance of 8%-10%.
August 06, 2024 | 10:43 am
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nVent Electric has increased its FY24 reported sales growth outlook to 11%-13%, up from the previous guidance of 8%-10%. This indicates stronger than expected performance and could positively impact the stock price.
The raised sales growth outlook suggests that nVent Electric is performing better than previously expected, which is likely to boost investor confidence and positively impact the stock price in the short term.
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