Driven Brands shares are trading lower after the company reported worse-than-expected Q4 revenue results and issued FY24 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Driven Brands shares are trading lower following the announcement of Q4 revenue results that fell short of expectations and the issuance of FY24 guidance that was below estimates.
February 22, 2024 | 4:38 pm
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Driven Brands' stock price is trading lower due to disappointing Q4 revenue results and FY24 guidance that did not meet analyst expectations.
The stock price of Driven Brands is likely to face downward pressure in the short term due to the company's reported Q4 revenue results, which did not meet analysts' expectations, and the issuance of FY24 guidance that was also below estimates. This news directly impacts investor sentiment and could lead to a reassessment of the company's future earnings potential, thus affecting its stock price negatively.
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