Solo Brands shares are trading lower after the company lowered full year 2023 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Solo Brands has revised its full-year 2023 revenue guidance downward, which is now below market estimates, causing its shares to trade lower.
January 08, 2024 | 2:35 pm
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Solo Brands, which trades under the ticker DTC, has seen its stock price fall after announcing a reduction in its revenue guidance for the full year 2023, missing analysts' expectations.
The reduction in revenue guidance is a direct indicator of potential underperformance or challenges faced by Solo Brands. This typically results in a negative investor sentiment and a decrease in stock price in the short term as market expectations adjust to the new guidance.
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