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 due to declining year-to-date sales and lower-than-expected Q2 2024 revenues.
June 25, 2024 | 11:24 am
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Pool Corporation shares are trading lower after the company cut its FY24 EPS guidance. The company reported that year-to-date sales are trending down and Q2 2024 revenues are below previous expectations.
The reduction in FY24 EPS guidance and the report of declining sales and lower-than-expected Q2 2024 revenues are significant negative indicators for Pool Corporation's financial performance. This is likely to result in a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100