Traeger shares are trading lower after the company reported worse-than-expected Q4 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 EPS results and lower than expected revenue guidance for Q1 and FY24.
March 08, 2024 | 12:06 pm
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NEGATIVE IMPACT
Traeger's shares declined due to poor Q4 EPS results and lower than anticipated revenue forecasts for Q1 and FY24.
The negative impact on Traeger's stock price is directly tied to the company's disappointing Q4 earnings and the subsequent lower revenue guidance for both Q1 and the full year of FY24. This news is likely to shake investor confidence, leading to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100