Air Transport Services shares are trading lower after the company reported worse-than-expected Q3 financial results and cut 2023 adjusted EPS guidance.
Portfolio Pulse from Benzinga Newsdesk
Air Transport Services Group (ATSG) reported disappointing Q3 financial results and reduced its 2023 adjusted EPS guidance, leading to a drop in its share price.
November 07, 2023 | 5:33 pm
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ATSG's worse-than-expected Q3 results and lowered 2023 EPS guidance could negatively impact its stock price in the short term.
ATSG's Q3 results fell short of expectations, which is typically a negative signal to investors. Additionally, the company's decision to cut its 2023 EPS guidance suggests that it expects lower profitability in the future, which could further discourage investors and put downward pressure on the stock price.
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IMPORTANCE 80
RELEVANCE 100