Enviva shares are trading lower after the company reported worse-than-expected Q3 revenue results and a year-over-year decrease in reported net loss.
Portfolio Pulse from Benzinga Newsdesk
Enviva reported worse-than-expected Q3 revenue results and a year-over-year decrease in reported net loss, causing its shares to trade lower.
November 09, 2023 | 5:38 pm
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Enviva's worse-than-expected Q3 revenue and decreased net loss have led to a drop in its share price.
Enviva's shares are trading lower due to the company's worse-than-expected Q3 revenue results. Additionally, the company reported a year-over-year decrease in net loss, which could indicate a slower recovery than anticipated. These factors are likely to negatively impact the company's stock price in the short term.
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