Axalta Coating Systems shares are trading lower after the company reported worse-than-expected Q2 financial results and issued Q3 and FY23 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Axalta Coating Systems reported worse-than-expected Q2 financial results and issued Q3 and FY23 guidance below estimates, causing its shares to trade lower.
August 04, 2023 | 11:37 am
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NEGATIVE IMPACT
Axalta Coating Systems' shares are trading lower due to worse-than-expected Q2 results and lower Q3 and FY23 guidance.
Axalta Coating Systems' shares are trading lower due to the company's worse-than-expected Q2 financial results and lower than expected Q3 and FY23 guidance. This negative financial performance is likely to impact investor confidence and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100