NOV Expects FY24 Full-year Adjusted EBITDA To Be Near Lower End Of Prior Guidance Range Of $1.10B -$1.18B
Portfolio Pulse from Benzinga Newsdesk
NOV has announced that it expects its full-year adjusted EBITDA for FY24 to be near the lower end of its previously provided guidance range of $1.10 billion to $1.18 billion.
October 24, 2024 | 9:51 pm
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NOV expects its FY24 adjusted EBITDA to be near the lower end of its guidance range, indicating potential challenges in meeting higher expectations.
The announcement that NOV expects its adjusted EBITDA to be near the lower end of its guidance range suggests that the company may face challenges in achieving higher earnings. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations downward.
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