Ranger Energy Services shares are trading lower after the company reported worse-than-expected Q3 revenue results and issued FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Ranger Energy Services reported lower than expected Q3 revenue results and issued FY23 revenue guidance below estimates, causing its shares to trade lower.
October 31, 2023 | 3:11 pm
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NEGATIVE IMPACT
Ranger Energy Services' shares are trading lower due to disappointing Q3 revenue results and lower than expected FY23 revenue guidance.
Ranger Energy Services' shares are trading lower as a direct result of the company's worse-than-expected Q3 revenue results and lower than expected FY23 revenue guidance. This negative financial performance is likely to impact investor confidence and could lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100