Hubbell shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY23 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Hubbell Inc. reported lower than expected Q3 financial results and issued FY23 adjusted EPS guidance below estimates, leading to a drop in its share price.
October 31, 2023 | 3:48 pm
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Hubbell's Q3 results and FY23 EPS guidance fell short of expectations, causing a decrease in its stock price.
Hubbell's lower than expected Q3 results and FY23 EPS guidance indicate a potential slowdown in the company's growth, which has negatively impacted investor sentiment and led to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100