Copper Standard Lowers FY24 Revenue From $2.80B-$2.90B To $2.70B-$2.75B Vs $2.74B Est
Portfolio Pulse from Benzinga Newsdesk
Copper Standard has revised its FY24 revenue guidance downwards from $2.80B-$2.90B to $2.70B-$2.75B, which is slightly below the previous estimate of $2.74B.
October 31, 2024 | 8:43 pm
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Copper Standard has lowered its FY24 revenue guidance to $2.70B-$2.75B, which is below the previous estimate of $2.74B. This indicates potential challenges in meeting revenue expectations.
The downward revision in revenue guidance suggests that Copper Standard may face challenges in achieving its financial targets, which could negatively impact investor sentiment and the stock price in the short term.
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