Appian shares are trading lower after the company reported worse-than-expected Q1 Adj EPS, issued Q2 guidance and updated FY24 outlook.
Portfolio Pulse from Benzinga Newsdesk
Appian shares are trading lower following the company's report of worse-than-expected Q1 adjusted EPS, along with its Q2 guidance and updated FY24 outlook.
May 02, 2024 | 11:15 am
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Appian's stock price is trading lower due to the company reporting worse-than-expected Q1 adjusted EPS, alongside issuing Q2 guidance and updating its FY24 outlook.
The negative reaction in Appian's stock price is directly tied to the company's financial performance and future outlook, which fell short of 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