Trex Co Narrows FY2024 Sales Guidance from $1.13B-1.15B to $1.14B
Portfolio Pulse from Benzinga Newsdesk
Trex Co has adjusted its FY2024 sales guidance to $1.14 billion, narrowing the previous range of $1.13 billion to $1.15 billion.
October 28, 2024 | 8:16 pm
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Trex Co has revised its FY2024 sales guidance to $1.14 billion, narrowing the previous range of $1.13 billion to $1.15 billion. This adjustment suggests a more precise forecast but indicates a slight reduction in the upper range.
The narrowing of the sales guidance range to a specific figure suggests that Trex Co has a clearer view of its expected performance. However, the slight reduction in the upper range could be seen as a conservative outlook, which may not significantly impact the stock price in the short term.
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