Barnes Group shares are trading lower after the company reported worse-than-expected Q3 adjusted EPS results and lowered FY23 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Barnes Group reported worse-than-expected Q3 adjusted EPS results and lowered its FY23 adjusted EPS guidance below estimates, causing its shares to trade lower.
October 27, 2023 | 3:21 pm
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NEGATIVE IMPACT
Barnes Group's shares are trading lower due to worse-than-expected Q3 results and lowered FY23 EPS guidance.
Barnes Group's worse-than-expected Q3 results and lowered FY23 EPS guidance are negative indicators for the company's financial performance, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100