Byrna Technologies shares are trading lower after the company reported worse-than-expected Q2 financial results and withdrew fiscal year 2023 guidance.
Portfolio Pulse from Benzinga Newsdesk
Byrna Technologies reported worse-than-expected Q2 financial results and withdrew its fiscal year 2023 guidance, causing its shares to trade lower.
July 11, 2023 | 4:44 pm
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Byrna Technologies' shares are trading lower due to poor Q2 results and the withdrawal of its 2023 fiscal year guidance.
Byrna Technologies reported worse-than-expected Q2 results, which is a negative signal to investors. Additionally, the company withdrew its fiscal year 2023 guidance, which adds uncertainty about the company's future performance. Both factors are likely to negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100