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 mixed Q3 financial results and Q4 guidance for adjusted EPS and revenue that fell short of expectations.
March 28, 2024 | 11:05 am
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NEGATIVE IMPACT
MillerKnoll's shares are down after reporting mixed Q3 results and providing Q4 guidance that didn't meet analysts' expectations.
The negative reaction in MillerKnoll's stock price is directly tied to the company's mixed financial results for Q3 and its Q4 guidance, which was below market expectations. This typically leads to a decrease in investor confidence and can result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100