Gentherm shares are trading lower after the company reported worse-than-expected Q3 financial results and cuts FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Gentherm reported worse-than-expected Q3 financial results and has cut its FY23 revenue guidance below estimates, causing its shares to trade lower.
October 26, 2023 | 2:12 pm
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NEGATIVE IMPACT
Gentherm's shares are trading lower due to poor Q3 results and a cut in FY23 revenue guidance.
Gentherm's worse-than-expected Q3 results and reduced FY23 revenue guidance are negative indicators for the company's financial health, which is likely to negatively impact investor sentiment and the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100