Traeger shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results and issued Q1 and FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Traeger's shares dropped following the announcement of disappointing Q4 adjusted EPS results and lower-than-expected revenue guidance for Q1 and FY24.
March 07, 2024 | 10:12 pm
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NEGATIVE IMPACT
Traeger's shares declined due to poor Q4 earnings and weak revenue forecasts for Q1 and FY24.
The negative impact on Traeger's stock price is directly related to the company's disappointing financial performance and future revenue projections, which are crucial indicators of its financial health and growth prospects. Investors typically react negatively to such news, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100