Quanex Building Products Says Prior Guidance For FY24 Is No Longer Valid; Now Expects Net Sales $1.275B-$1.285B Vs $1.074B Est.
Portfolio Pulse from Benzinga Newsdesk
Quanex Building Products has revised its guidance for FY24, now expecting net sales between $1.275 billion and $1.285 billion, significantly higher than the previous estimate of $1.074 billion.
September 05, 2024 | 8:18 pm
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Quanex Building Products has updated its FY24 guidance, now expecting net sales between $1.275 billion and $1.285 billion, which is higher than the previous estimate of $1.074 billion.
The revised guidance indicates a stronger than expected performance for Quanex Building Products, suggesting potential growth and increased revenue. This positive outlook is likely to boost investor confidence and positively impact the stock price in the short term.
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