Martin Marietta Cuts FY24 Revenues Outlook From $6.90B - $7.30B To $6.50B - $6.94B, Est $7.042B
Portfolio Pulse from Benzinga Newsdesk
Martin Marietta has revised its FY24 revenue outlook downward from a range of $6.90 billion - $7.30 billion to $6.50 billion - $6.94 billion, which is below the estimated $7.042 billion.
August 08, 2024 | 11:11 am
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Martin Marietta has revised its FY24 revenue outlook downward from $6.90 billion - $7.30 billion to $6.50 billion - $6.94 billion, which is below the estimated $7.042 billion.
The downward revision of the revenue outlook indicates potential challenges or lower-than-expected performance for Martin Marietta. This is likely to negatively impact investor sentiment and the stock price in the short term.
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