ScanSource shares are trading lower after the company reported worse-than-expected Q2 FY24 results and cut its FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
ScanSource shares are trading lower following the announcement of disappointing Q2 FY24 results and a reduction in its FY24 guidance.
February 06, 2024 | 1:35 pm
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ScanSource reported worse-than-expected Q2 FY24 results and reduced its FY24 guidance, leading to a decrease in its share price.
The announcement of disappointing quarterly results and the reduction in future guidance are significant negative indicators for a company's financial health and future performance. Such announcements typically lead to a loss of investor confidence and a decrease in share price, as observed with ScanSource.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100