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 market expectations, leading to a decline in its stock price.
November 22, 2023 | 1:40 pm
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NEGATIVE IMPACT
Guess? Inc. reported lower-than-expected Q3 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, which typically results in a loss of investor confidence and a decrease in stock value in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100