CVRx Narrows FY2024 Sales Guidance from $50.00M-53.00M to $50.50M-51.50M vs $50.47M Est.
Portfolio Pulse from Benzinga Newsdesk
CVRx has adjusted its FY2024 sales guidance to a range of $50.50 million to $51.50 million, slightly narrowing from the previous range of $50.00 million to $53.00 million. This new guidance is closely aligned with analyst estimates of $50.47 million.
October 29, 2024 | 8:23 pm
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CVRx has revised its FY2024 sales guidance to $50.50M-$51.50M, aligning closely with analyst estimates of $50.47M. This suggests a more precise forecast, potentially stabilizing investor expectations.
The narrowing of the sales guidance range indicates a more precise forecast by CVRx, which aligns closely with analyst estimates. This alignment suggests that the company is on track with market expectations, likely stabilizing investor sentiment. However, the impact on the stock price is neutral as the guidance does not significantly deviate from expectations.
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