Allbirds shares are trading lower after the company reported worse-than-expected Q4 GAAP EPS results.
Portfolio Pulse from Benzinga Newsdesk
Allbirds shares are trading lower due to worse-than-expected Q4 GAAP EPS results.
March 12, 2024 | 8:39 pm
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NEGATIVE IMPACT
Allbirds shares are trading lower after reporting worse-than-expected Q4 GAAP EPS results.
Shares of Allbirds are trading lower as the company's Q4 GAAP EPS results did not meet expectations. This negative earnings surprise typically leads to a decrease in stock price in the short term as investors adjust their expectations based on the new earnings information.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100