Akoustics Technologies shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results and issued Q4 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Akoustics Technologies' shares dropped following the announcement of disappointing Q4 adjusted EPS results and revenue guidance that fell short of expectations.

May 13, 2024 | 3:20 pm
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Akoustics Technologies reported lower than expected Q4 adjusted EPS and provided revenue guidance below estimates, leading to a decrease in share price.
Earnings reports and future revenue guidance are critical factors that investors use to gauge a company's financial health and future prospects. A miss on these fronts typically leads to a negative short-term reaction in the stock market as it did for Akoustics Technologies. The direct mention of worse-than-expected Q4 results and lower revenue guidance is a clear indicator of the negative impact on AKTS's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100