Indivior Cuts FY24 Net Revenue Outlook From $1.15B - $1.215B To $1.125B - $1.165B, Est $1.185B
Portfolio Pulse from Benzinga Newsdesk
Indivior has revised its FY24 net revenue outlook downwards due to faster adoption of a competing product, variability in funding timing, and lower trade stocking.
October 10, 2024 | 11:07 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Indivior has reduced its FY24 net revenue guidance from $1.15B-$1.215B to $1.125B-$1.165B, citing faster adoption of a competing product and funding variability.
The downward revision in revenue guidance is due to increased competition and funding variability, which are likely to negatively impact Indivior's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100