Wolverine Worldwide Cuts FY23 Adj EPS Outlook From $1.40-$1.60 To $0.45-$0.55, Consensus $1.42
Portfolio Pulse from Benzinga Newsdesk
Wolverine Worldwide has reduced its FY23 adjusted EPS outlook from $1.40-$1.60 to $0.45-$0.55, against a consensus of $1.42.
August 10, 2023 | 10:40 am
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Wolverine Worldwide's significant reduction in its FY23 adjusted EPS outlook may negatively impact its stock price in the short term.
Wolverine Worldwide has significantly reduced its FY23 adjusted EPS outlook, which is a key indicator of a company's profitability. This reduction, which is below the consensus estimate, could lead to a negative market reaction, potentially driving the stock price down in the short term.
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