Custom Truck One Source Narrows FY2024 Sales Guidance from $1.80B-1.98B to $1.80B-1.89B
Portfolio Pulse from Benzinga Newsdesk
Custom Truck One Source (NYSE:CTOS) has revised its FY2024 sales guidance, narrowing the range from $1.80 billion-1.98 billion to $1.80 billion-1.89 billion.
October 30, 2024 | 9:51 pm
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Custom Truck One Source has narrowed its FY2024 sales guidance, indicating a more conservative revenue outlook. The new range is $1.80 billion to $1.89 billion, down from the previous $1.80 billion to $1.98 billion.
The narrowing of the sales guidance range suggests that Custom Truck One Source is anticipating lower potential revenue than previously expected. This could be due to market conditions or internal factors, and it may lead to a negative short-term impact on the stock price as investors adjust their expectations.
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