Guess? shares are trading lower after the company reported worse-than-expected Q3 financial results and issued Q4 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Guess? Inc. reported disappointing Q3 financial results, with earnings and guidance for Q4 adjusted EPS falling short of analyst expectations, leading to a decline in the company's stock price.
November 21, 2023 | 9:28 pm
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Guess? Inc. reported lower-than-expected Q3 financial results and provided Q4 adjusted EPS guidance that did not meet analyst estimates, causing the stock to trade lower.
The negative impact on Guess? Inc.'s stock price is due to the company's financial performance in Q3 not meeting expectations and the subsequent lower guidance for Q4. This typically results in a loss of investor confidence and can lead to a short-term decline in the stock price as market participants adjust their valuations based on the new information.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100