Envestnet shares are trading lower after the company reported mixed Q3 financial results and issued Q4 and FY23 EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Envestnet reported mixed Q3 financial results and issued Q4 and FY23 EPS and revenue guidance below estimates, causing its shares to trade lower.
November 09, 2023 | 4:52 pm
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Envestnet's shares are trading lower due to mixed Q3 results and lower than expected Q4 and FY23 guidance.
Envestnet's lower than expected guidance for Q4 and FY23 indicates potential challenges in the company's future performance. This negative outlook is likely to impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100