Children's Place shares are trading lower after the company reported worse-than-expected Q1 financial results and issued FY23 adjusted EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Children's Place reported worse-than-expected Q1 financial results and issued FY23 adjusted EPS and revenue guidance below estimates, causing its shares to trade lower.
May 24, 2023 | 12:42 pm
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Children's Place shares are trading lower due to worse-than-expected Q1 financial results and weak FY23 guidance.
Children's Place reported worse-than-expected Q1 financial results and issued FY23 adjusted EPS and revenue guidance below estimates. This negative news is likely to cause a short-term decline in the stock price as investors react to the disappointing performance and outlook.
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