Pool shares are trading lower after the company cut its FY24 EPS guidance. The company announced its year-to-date sales are trending down and seasonally significant Q2 2024 revenues are below previous expectations.
Portfolio Pulse from Benzinga Newsdesk
Pool shares are trading lower after the company cut its FY24 EPS guidance. The company announced its year-to-date sales are trending down and seasonally significant Q2 2024 revenues are below previous expectations.
June 24, 2024 | 8:38 pm
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Pool Corporation shares are trading lower after the company cut its FY24 EPS guidance. The company also reported that year-to-date sales are trending down and Q2 2024 revenues are below previous expectations.
The reduction in FY24 EPS guidance and lower-than-expected Q2 2024 revenues indicate potential financial struggles for Pool Corporation, leading to a negative short-term impact on its stock price.
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