Chart Industries Cuts FY24 Sales Outlook To $4.20B-$4.30B (Est $4.415B) From $4.45B - $4.60B, Adjusted EPS To $9.00 From $10.75 - $11.75 (Est $10.45)
Portfolio Pulse from Benzinga Newsdesk
Chart Industries has revised its FY24 sales outlook to $4.20B-$4.30B from $4.45B-$4.60B, and adjusted EPS to $9.00 from $10.75-$11.75. The changes are due to timing of orders, foreign exchange impact, tax rate, and share count changes.
November 01, 2024 | 10:36 am
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Chart Industries has lowered its FY24 sales and EPS outlook due to timing of orders, foreign exchange impact, tax rate, and share count changes.
The reduction in sales and EPS outlook is likely to negatively impact investor sentiment and short-term stock price. The reasons for the revision, such as timing of orders and foreign exchange impact, suggest potential challenges in revenue recognition and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100