Origin Materials shares are trading lower after the company reported worse-than-expected Q3 revenue results and issued FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Origin Materials' stock is trading lower due to the company reporting lower than expected Q3 revenue and providing FY23 revenue guidance that falls short of estimates.
November 10, 2023 | 4:46 pm
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NEGATIVE IMPACT
Origin Materials reported Q3 revenue below expectations and issued FY23 revenue guidance that did not meet analyst estimates, causing the stock to trade lower.
The negative impact on ORGN's stock price is due to the company's financial performance falling short of market expectations, which typically leads to a decrease in investor confidence and selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100