Utz Brands shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results and raised its FY24 adjusted EPS growth outlook.
Portfolio Pulse from Benzinga Newsdesk
Utz Brands shares surged following the announcement of Q1 adjusted EPS results that exceeded expectations, alongside an upward revision of its FY24 adjusted EPS growth forecast.
May 02, 2024 | 5:10 pm
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Utz Brands reported Q1 adjusted EPS results that surpassed expectations and increased its FY24 adjusted EPS growth outlook, leading to a rise in its stock price.
Positive earnings surprises and upward revisions in future earnings outlooks are strong indicators of a company's financial health and often result in immediate stock price appreciation. Investors typically view such announcements as bullish signals, leading to increased buying activity and upward price momentum for the stock.
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