Why TrueBlue Shares Are Diving Today
Portfolio Pulse from Lekha Gupta
TrueBlue Inc's shares have fallen by over 18% following the company's worse-than-expected Q2 FY23 financial results. The company reported a 16% Y/Y revenue decline to $476 million, missing the consensus of $496.1 million. Adjusted EPS of $0.17 also fell below the consensus of $0.22. The company expects Q3 2023 revenue of $484 million-$509 million, below the consensus of $516.88 million.
July 25, 2023 | 7:49 pm
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TrueBlue's stock price has fallen significantly due to worse-than-expected Q2 FY23 results and a lower than expected revenue forecast for Q3 2023.
TrueBlue's Q2 FY23 results were worse than expected, with both revenue and EPS missing consensus. This negative news has led to a significant drop in the company's stock price. Additionally, the company's Q3 2023 revenue forecast is lower than the consensus, which could further negatively impact the stock price.
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