Jack Henry shares are trading lower after the company reported Q4 financial results and issued FY24 EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Jack Henry & Associates (JKHY) reported Q4 financial results and issued FY24 EPS and revenue guidance below estimates, leading to a drop in its share price.
August 16, 2023 | 12:33 pm
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Jack Henry's lower than expected Q4 results and FY24 guidance could negatively impact its stock price in the short term.
Jack Henry's Q4 results and FY24 guidance were below estimates, which is typically seen as a negative signal by investors. This could lead to a decrease in demand for the stock, causing its price to drop in the short term.
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