Guardant Health shares are trading lower after the company issued 2024 revenue guidance with a midpoint below estimates.
Portfolio Pulse from Benzinga Newsdesk
Guardant Health's shares dropped following the company's announcement of its 2024 revenue guidance, which has a midpoint below market estimates.
February 23, 2024 | 3:33 pm
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Guardant Health's shares declined after announcing 2024 revenue guidance below market expectations.
When a company announces revenue guidance that doesn't meet market expectations, it often leads to a decrease in stock price as investors adjust their expectations for future profitability. Guardant Health's announcement of a lower-than-expected revenue guidance for 2024 directly impacts investor sentiment and could lead to a short-term decrease in its stock price.
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