Ameresco shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY23 non-GAAP EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Ameresco's shares are trading lower following the company's Q3 financial results, which were below expectations. The company also issued FY23 non-GAAP EPS and revenue guidance below estimates.
November 07, 2023 | 5:35 pm
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NEGATIVE IMPACT
Ameresco's stock is trading lower due to disappointing Q3 results and lower than expected FY23 non-GAAP EPS and revenue guidance.
Ameresco's Q3 financial results were worse than expected, which is a negative signal to investors. Additionally, the company's FY23 non-GAAP EPS and revenue guidance were below estimates, further dampening investor sentiment and leading to a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100