APi Group Sees Revises FY24 Revenue Outlook To Around $7.0B From $7.15B-$7.35B Vs $7.116B Est.
Portfolio Pulse from Benzinga Newsdesk
APi Group has revised its fiscal year 2024 revenue outlook to approximately $7.0 billion, down from the previous range of $7.15 billion to $7.35 billion, and below the estimated $7.116 billion.
October 31, 2024 | 11:38 am
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APi Group has lowered its FY24 revenue outlook to $7.0 billion, which is below both its previous guidance and market estimates.
The revision of the revenue outlook to a lower figure than previously guided and below market estimates suggests potential challenges in achieving growth targets. This could lead to negative sentiment among investors, likely putting short-term pressure on the stock price.
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