IHeartMedia shares are trading lower after the company reported Q2 financial results and issued weak Q3 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
IHeartMedia reported its Q2 financial results and issued weak Q3 revenue guidance, causing its shares to trade lower.
August 08, 2023 | 4:30 pm
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IHeartMedia's shares are trading lower due to weak Q3 revenue guidance following Q2 financial results.
IHeartMedia's weak Q3 revenue guidance, following its Q2 financial results, has negatively impacted investor sentiment, leading to a decrease in its share price. This suggests a potential short-term downward trend for the stock.
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