Fulgent Genetics shares are trading lower after the company reported Q4 financial results and issued FY24 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Fulgent Genetics' stock price declined following the announcement of Q4 financial results and FY24 guidance that fell short of expectations.
February 28, 2024 | 5:07 pm
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NEGATIVE IMPACT
Fulgent Genetics' shares declined after reporting lower-than-expected Q4 earnings and FY24 guidance.
Stock prices often react negatively to earnings reports and future guidance that do not meet or exceed analyst expectations. In this case, Fulgent Genetics' announcement of disappointing Q4 financial results and less optimistic FY24 guidance likely led to decreased investor confidence, resulting in a decline in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100