Performance Food Group shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and issued Q3 net sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Performance Food Group's shares dropped following its report of lower-than-expected Q2 adjusted EPS results and its Q3 net sales guidance falling short of estimates.
February 07, 2024 | 3:43 pm
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Performance Food Group's shares declined due to disappointing Q2 adjusted EPS results and Q3 net sales guidance below expectations.
The company's shares are trading lower as a direct result of reporting worse-than-expected financial results for Q2 and providing a weaker-than-expected sales outlook for Q3. This negative news directly impacts investor sentiment and the stock's short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100