Porsche SE Lowers 2024 Earnings Forecast To $2.4B-$4.4B Vs $3.5B-$5.5B Est. After Volkswagen Adjusts 2024 Sales And Profit Expectations
Portfolio Pulse from Benzinga Newsdesk
Porsche SE has lowered its 2024 earnings forecast to a range of $2.4 billion to $4.4 billion, down from the previous estimate of $3.5 billion to $5.5 billion. This adjustment follows Volkswagen's revised sales and profit expectations for 2024.
September 27, 2024 | 4:39 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Volkswagen's adjustment of its 2024 sales and profit expectations has led Porsche SE to lower its earnings forecast for the same year.
Volkswagen's sales and profit expectations directly influence Porsche SE's financial outlook, leading to a downward revision in Porsche's earnings forecast. This suggests potential challenges in the automotive market affecting both companies.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80