Chart Industries shares are trading higher despite a Q1 earnings miss after the company reiterated its FY24 guidance, which is above consensus estimates.
Portfolio Pulse from Benzinga Newsdesk
Chart Industries' shares rose despite missing Q1 earnings expectations, buoyed by the company's reiteration of its FY24 guidance, which surpasses consensus estimates.
May 03, 2024 | 2:51 pm
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Chart Industries' stock price increased following the announcement of its Q1 earnings miss, supported by a positive outlook for FY24 that exceeds market expectations.
Despite the Q1 earnings miss, Chart Industries' reaffirmation of its FY24 guidance, which is above consensus estimates, has likely instilled confidence among investors about the company's future growth prospects. This optimism is reflected in the stock's positive price movement.
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