MillerKnoll shares are trading lower after the company reported mixed Q3 financial results and issued Q4 adjusted EPS and revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
MillerKnoll's stock is trading lower following the release of mixed Q3 financial results and the company's projection of Q4 adjusted EPS and revenue that fall short of expectations.
March 27, 2024 | 8:15 pm
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NEGATIVE IMPACT
MillerKnoll's shares are down after reporting mixed Q3 results and providing Q4 guidance below analyst estimates.
The negative reaction in MillerKnoll's stock price is directly tied to the company's mixed Q3 financial performance and the lower-than-expected guidance for Q4. This news is likely to dampen investor sentiment in the short term as it suggests potential challenges in the company's operational and financial outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100