Local Bounti Corp Expects FY24 Sales of $50M-$60M Vs $55.892M Est
Portfolio Pulse from Benzinga Newsdesk
Local Bounti Corp has announced its sales expectations for FY24, projecting between $50 million and $60 million, which is slightly below the estimated $55.892 million.
August 13, 2024 | 11:19 am
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Local Bounti Corp has provided a sales forecast for FY24, expecting revenues between $50 million and $60 million, which is slightly below the market estimate of $55.892 million.
The sales forecast provided by Local Bounti Corp is slightly below market expectations, which could lead to a short-term negative impact on the stock price as investors may react to the lower-than-expected guidance.
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IMPORTANCE 80
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