What's Going On With Tractor Supply Shares Today?
Portfolio Pulse from Shivani Kumaresan
Tractor Supply Co (TSCO) reported Q2 FY23 sales growth of 7.2% to $4.18 billion, missing the consensus of $4.26 billion. EPS of $3.83 also missed the Wall Street view of $3.92. The company cut its FY23 sales outlook from $15 billion-$15.3 billion to $14.8 billion-$14.9 billion and its EPS outlook from $10.30-$10.60 to $10.20-$10.40. Despite this, TSCO shares are trading higher by 5.34%.
July 27, 2023 | 5:05 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tractor Supply Co's Q2 FY23 sales and EPS missed estimates and the company cut its FY23 outlook. However, shares are trading higher.
Despite the missed earnings and reduced outlook, the market is reacting positively to Tractor Supply Co's results, possibly due to other factors not mentioned in the article such as future growth prospects or market conditions. This is reflected in the 5.34% increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100