Gen Digital shares are trading lower after the company reported worse-than-expected Q3 financial results and issued Q4 revenue, FY24 adjusted EPS and FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Gen Digital's stock is trading lower following the announcement of disappointing Q3 financial results and guidance for Q4 revenue, FY24 adjusted EPS, and FY24 revenue that fell short of expectations.
February 02, 2024 | 1:44 pm
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Gen Digital's shares are down after the company reported Q3 financial results that missed expectations and provided guidance for Q4 and FY24 that was below analyst estimates.
The negative reaction in Gen Digital's stock price is directly tied to the company's announcement of weaker-than-expected Q3 financial performance and pessimistic guidance for the upcoming periods. This news is likely to dampen investor sentiment in the short term, as it suggests potential challenges in the company's operational and financial health.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100