Capri Holdings Limited shares are trading lower after the company reported Q4 financial results and issued Q1 and FY24 revenue guidance below estimates
Portfolio Pulse from Benzinga Newsdesk
Capri Holdings Limited reported Q4 financial results and issued Q1 and FY24 revenue guidance below estimates, causing its shares to trade lower.
May 31, 2023 | 4:50 pm
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NEGATIVE IMPACT
Capri Holdings' shares are trading lower due to disappointing Q4 financial results and lower-than-expected Q1 and FY24 revenue guidance.
Capri Holdings reported Q4 financial results that were below expectations and issued Q1 and FY24 revenue guidance that was also lower than estimates. This negative news is likely to cause a short-term decline in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100