SiteOne Landscape Supply shares are trading lower after the company reported Q2 financial results and weak H2 guidance. Additionally, the stock may be trading lower amid overall market weakness.
Portfolio Pulse from Benzinga Newsdesk
SiteOne Landscape Supply reported Q2 financial results and weak H2 guidance, causing its shares to trade lower. The overall market weakness may also be contributing to the stock's decline.
August 04, 2023 | 11:42 am
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SiteOne Landscape Supply's shares are trading lower due to weak H2 guidance and overall market weakness.
SiteOne Landscape Supply's weak H2 guidance indicates potential future performance issues, which can negatively impact investor sentiment and drive the stock price down. Additionally, the overall market weakness can exacerbate this downward trend.
CONFIDENCE 90
IMPORTANCE 80
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