FDC531599Pharmaceuticals
FDC cut its guidance last week after taking a roughly 90% revenue write-off this quarter due to inventory write-offs from excess channel stocking
By ScoutQuest · · 1 min read
- Revenue write-off
- 90 percent
Heard on business television between 09:59:11 - 10:02:11 IST.
- FDC cut its guidance last week.
- The company took a roughly 90% revenue write-off for the quarter, citing inventory write-offs.
- Jefferies analyst Bhaskar Chakravarti said this happened because FDC deviated from the industry's just-in-time inventory strategy and filled up channel inventories, which are now coming back to them.
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