Organon Expects 2024 Revenues Of $6.25B-$6.45B Compared To Prior Guidance Of $6.25B-$6.45B And Consensus Of $6.407B
Portfolio Pulse from Benzinga Newsdesk
Organon has updated its 2024 revenue guidance to $6.25B-$6.45B, aligning with prior guidance and close to the consensus of $6.407B. Other financial metrics remain largely unchanged, with a slight increase in R&D expenses.

August 06, 2024 | 11:35 am
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Organon has updated its 2024 revenue guidance to $6.25B-$6.45B, which aligns with prior guidance and is close to the consensus estimate of $6.407B. The company has also slightly increased its R&D expense guidance.
The updated revenue guidance aligns with prior guidance and is close to the consensus estimate, suggesting stability. The slight increase in R&D expenses may indicate a focus on innovation but is unlikely to significantly impact short-term stock price.
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