Hillenbrand shares are trading lower after the company reported mixed Q2 financial results, issued Q3 adjusted EPS guidance below estimates and cut FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Hillenbrand's stock is trading lower following mixed Q2 financial results, with Q3 adjusted EPS guidance and FY24 adjusted EPS guidance both falling below estimates.
May 01, 2024 | 2:22 pm
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Hillenbrand's shares are down after reporting mixed Q2 results and issuing lower-than-expected guidance for Q3 and FY24 adjusted EPS.
The stock is trading lower as the company's Q2 financial performance did not meet expectations, and its future earnings projections (Q3 and FY24 adjusted EPS) are below analyst estimates. This typically leads to negative investor sentiment and can cause a short-term decline in stock price.
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