Masimo Corporation shares are trading lower after the company reported below-consensus preliminary Q2 revenues and revised 2023 guidance.
Portfolio Pulse from Benzinga Newsdesk
Masimo Corporation reported below-consensus preliminary Q2 revenues and revised its 2023 guidance downwards, leading to a drop in its share price.
July 18, 2023 | 8:43 am
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NEGATIVE IMPACT
Masimo Corporation's shares are expected to be negatively impacted in the short term due to lower than expected Q2 revenues and downward revision of 2023 guidance.
Masimo Corporation's shares are trading lower after the company reported below-consensus preliminary Q2 revenues and revised 2023 guidance. This indicates a negative sentiment among investors, which is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100