Pentair shares are trading lower after the company issued Q4 adjusted EPS guidance below estimates and said it expects sales to be down roughly 3 to 4 percent.
Portfolio Pulse from Benzinga Newsdesk
Pentair has issued Q4 adjusted EPS guidance below estimates and expects sales to be down roughly 3 to 4 percent. This has led to a decrease in the company's share price.
October 24, 2023 | 5:36 pm
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NEGATIVE IMPACT
Pentair's lower than expected Q4 EPS guidance and anticipated sales drop has negatively impacted its stock price.
Pentair's announcement of lower than expected Q4 EPS guidance and a projected sales drop of 3-4% has led to a decrease in its stock price. Investors may be concerned about the company's future profitability, leading to selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100