Patterson Companies shares are trading lower following mixed Q1 results and reaffirmed in-line FY24 guidance.
Portfolio Pulse from Bill Haddad
Patterson Companies reported mixed Q1 results and reaffirmed its FY24 guidance, leading to a decrease in its share price.
August 30, 2023 | 1:18 pm
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Patterson Companies' shares are trading lower due to mixed Q1 results and reaffirmed FY24 guidance.
Patterson Companies' mixed Q1 results indicate that the company did not meet all expectations, which can lead to a decrease in investor confidence and a subsequent drop in share price. The reaffirmed FY24 guidance, while not negative, does not provide any positive news to counterbalance the mixed results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100