IHS shares are trading lower after the company reported mixed Q2 financial results and lowered FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
IHS reported mixed Q2 financial results and lowered its FY23 guidance, leading to a decrease in its share price.
August 15, 2023 | 3:56 pm
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IHS reported mixed Q2 results and lowered its FY23 guidance, which has negatively impacted its stock price.
IHS's mixed Q2 results and lowered FY23 guidance indicate potential financial instability or underperformance, which investors may perceive negatively. This could lead to selling pressure, driving the stock price down in the short term.
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