Fox Factory shares are trading lower after the company reported mixed Q4 financial results and issued Q1 and FY24 EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Fox Factory's shares dropped following the announcement of mixed Q4 financial results and the provision of Q1 and FY24 EPS and revenue guidance that fell short of expectations.
February 22, 2024 | 9:37 pm
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Fox Factory's stock price is likely to experience short-term pressure due to mixed Q4 results and disappointing future earnings and revenue guidance.
The announcement of mixed Q4 financial results combined with lower-than-expected guidance for both Q1 and the full year 2024 directly impacts investor sentiment and the perceived future performance of Fox Factory. This typically results in short-term negative pressure on the stock price as investors adjust their expectations.
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