Market-Moving News for August 30th
Portfolio Pulse from ryanfaloona@benzinga.com
Tingo Group has completed an investigation into allegations made against the company in a short-seller report and issued its response. Box and HP Inc. shares are trading lower after both companies issued Q3 EPS, Q3 sales, FY24 sales, and FY23 adjusted EPS guidance below estimates.
August 30, 2023 | 12:38 pm
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NEUTRAL IMPACT
Tingo Group has completed an investigation into allegations made against the company in a short-seller report and issued its response.
The completion of the investigation and the company's response could potentially alleviate some investor concerns, but the impact on the stock price will depend on the market's perception of the response.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Box shares are trading lower after the company issued Q3 EPS, Q3 sales and FY24 sales guidance below estimates.
The company's lower than expected guidance is a negative signal to investors, which is likely causing the drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
HP Inc. shares are trading lower after the company issued FY23 adjusted EPS guidance below estimates.
The company's lower than expected guidance is a negative signal to investors, which is likely causing the drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100