EnerSys shares are trading lower after the company reported mixed Q3 financial results and issued Q4 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
EnerSys reported mixed Q3 financial results and provided Q4 adjusted EPS guidance that fell below estimates, leading to a decrease in its share price.
February 08, 2024 | 5:09 pm
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EnerSys shares are trading lower due to mixed Q3 financial results and disappointing Q4 adjusted EPS guidance.
EnerSys's share price decline is directly attributed to its mixed Q3 financial performance and the issuance of Q4 adjusted EPS guidance that did not meet analysts' expectations. This news is likely to negatively impact investor sentiment in the short term, as earnings guidance is a critical factor in stock valuation.
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