Amneal Expects 2024 Revenues Of $2.70B-$2.80B Versus Prior Guidance Of $2.55B-$2.65B And Consensus Of $2.646B
Portfolio Pulse from Benzinga Newsdesk
Amneal Pharmaceuticals has raised its full-year 2024 guidance, expecting revenues between $2.70 billion and $2.80 billion, up from the prior guidance of $2.55 billion to $2.65 billion. The company also increased its adjusted EBITDA, adjusted diluted EPS, and operating cash flow projections.
August 09, 2024 | 10:09 am
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Amneal Pharmaceuticals has raised its full-year 2024 guidance, expecting higher revenues and improved financial metrics. This positive outlook is likely to boost investor confidence and support the stock price in the short term.
The upward revision in revenue, adjusted EBITDA, adjusted diluted EPS, and operating cash flow indicates strong business performance and growth prospects. This is likely to positively impact investor sentiment and support the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100