Owens & Minor shares are trading higher after the company reported better than expected Q4 FY23 earnings and issued 2024 guidance.
Portfolio Pulse from Benzinga Newsdesk
Owens & Minor's shares surged following the announcement of their Q4 FY23 earnings surpassing expectations, along with the release of their 2024 guidance.
February 20, 2024 | 2:00 pm
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POSITIVE IMPACT
Owens & Minor's stock price is expected to experience a short-term increase following the announcement of better than expected Q4 FY23 earnings and positive 2024 guidance.
Stock prices often react positively to earnings that exceed market expectations, as it indicates the company is performing better than anticipated. Additionally, optimistic future guidance can further bolster investor confidence, leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100