Paragon 28 Narrows FY24 Revenue Guidance To $249M-$255M Vs $255.73M Est.
Portfolio Pulse from Benzinga Newsdesk
Paragon 28 has narrowed its FY24 revenue guidance to a range of $249 million to $255 million, down from the previous estimate of $255.73 million. This represents a growth of 15.1% to 17.8% compared to 2023, assuming stable foreign currency translation rates.
August 08, 2024 | 8:47 pm
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Paragon 28 has revised its FY24 revenue guidance to $249M-$255M, lower than the previous estimate of $255.73M. This adjustment may impact investor sentiment and short-term stock price.
The downward revision in revenue guidance suggests that the company may face challenges in meeting its previous expectations. This could lead to negative investor sentiment and a potential short-term decline in the stock price.
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