Primoris Services shares are trading higher following a Q1 earnings beat and strong FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Primoris Services shares surged after reporting Q1 earnings that exceeded expectations and providing optimistic guidance for FY24.
May 09, 2024 | 10:09 am
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Primoris Services reported stronger than expected Q1 earnings and issued positive guidance for FY24, leading to a surge in its share price.
The positive earnings report and optimistic future guidance directly impact investor sentiment and the perceived value of Primoris Services, likely leading to increased demand for PRIM shares in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100