Masimo shares are trading lower following Q1 earnings. The company's Q2 guidance midpoint was below consensus estimates.
Portfolio Pulse from Benzinga Newsdesk
Masimo's stock price has declined following its Q1 earnings report, with the company's Q2 guidance falling below consensus estimates.
May 08, 2024 | 2:29 pm
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NEGATIVE IMPACT
Masimo's shares have decreased in value following the announcement of Q1 earnings and a Q2 guidance that did not meet market expectations.
The decline in Masimo's stock price is directly related to its Q1 earnings report and the subsequent Q2 guidance, which was below the consensus estimates. This typically leads to a negative short-term impact on the stock as investors adjust their expectations based on the new guidance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100