Unifirst shares are trading lower after the company reported worse-than-expected Q3 EPS results and issued FY23 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Unifirst reported worse-than-expected Q3 EPS results and issued FY23 EPS guidance below estimates, causing its shares to trade lower.
June 28, 2023 | 3:30 pm
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NEGATIVE IMPACT
Unifirst's shares are trading lower due to worse-than-expected Q3 EPS results and lower FY23 EPS guidance.
Unifirst's worse-than-expected Q3 EPS results and lower FY23 EPS guidance are negative indicators for the company's financial performance. This has led to a decrease in the company's share price as investors adjust their expectations for future earnings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100