Mercury Systems shares are trading lower after the company reported worse-than-expected Q4 financial results and issued FY24 adjusted EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Mercury Systems reported worse-than-expected Q4 financial results and issued FY24 adjusted EPS and revenue guidance below estimates, causing its shares to trade lower.
August 15, 2023 | 8:21 pm
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Mercury Systems' shares are trading lower due to worse-than-expected Q4 results and lower FY24 guidance.
Mercury Systems' shares are trading lower as a direct result of the company's worse-than-expected Q4 financial results and lower-than-expected FY24 guidance. This negative news is likely to impact investor sentiment and could lead to a short-term decrease in the company's stock price.
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