Pool Corporation shares are trading lower after the company reported a year-over-year decrease in Q3 EPS results and revised FY23 guidance.
Portfolio Pulse from Benzinga Newsdesk
Pool Corporation reported a year-over-year decrease in Q3 EPS results and revised its FY23 guidance downwards, leading to a drop in its share price.
October 19, 2023 | 7:38 pm
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Pool Corporation's Q3 EPS results decreased year-over-year and the company revised its FY23 guidance downwards, causing its shares to trade lower.
Pool Corporation's lower than expected Q3 EPS results and downward revision of FY23 guidance indicate potential financial instability, which has led to a decrease in investor confidence and a drop in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100