Guild Holdings shares are trading lower after the company reported worse-than-expected Q4 revenue results. The company extended its share repurchase program to May 5th.
Portfolio Pulse from Benzinga Newsdesk
Guild Holdings shares dropped following disappointing Q4 revenue results. The company also extended its share repurchase program until May 5th.
March 12, 2024 | 8:33 pm
News sentiment analysis
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Guild Holdings reported lower than expected Q4 revenue, leading to a decrease in share price. Additionally, the company extended its share repurchase program.
The negative earnings report directly impacts investor sentiment and share price, leading to a likely short-term decrease in GHLD's stock price. The extension of the share repurchase program may provide some support but is unlikely to fully offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100