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 23, 2024 | 1:35 pm
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Fox Factory's stock price is expected to face downward pressure in the short term due to mixed Q4 results and disappointing future earnings and revenue guidance.
Stock prices often react negatively to earnings reports and future guidance that do not meet market expectations. In this case, Fox Factory's mixed Q4 performance combined with lower-than-expected guidance for Q1 and FY24 suggests potential short-term bearish sentiment among investors.
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