Academy Sports and Outdoors shares are trading higher after the company reported better-than-expected Q2 financial results and raised FY23 adjusted EPS guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Academy Sports and Outdoors (ASO) reported better-than-expected Q2 financial results and raised its FY23 adjusted EPS guidance above estimates, leading to a rise in its share prices.
August 31, 2023 | 3:16 pm
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POSITIVE IMPACT
ASO's better-than-expected Q2 results and raised FY23 EPS guidance could lead to a positive short-term impact on its stock price.
ASO's Q2 results exceeded expectations, and the company raised its FY23 EPS guidance, which is a positive signal to investors. This could lead to increased demand for the stock, driving up its price in the short term.
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RELEVANCE 100