Simulations Plus shares are trading lower after the company reported Q3 financial results and issued FY24 EPS guidance below estimates. Also, the company announced that it will discontinue its quarterly cash dividend.
Portfolio Pulse from Benzinga Newsdesk
Simulations Plus shares are trading lower after the company reported Q3 financial results and issued FY24 EPS guidance below estimates. Additionally, the company announced it will discontinue its quarterly cash dividend.
July 03, 2024 | 11:53 am
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Simulations Plus shares are trading lower due to disappointing Q3 financial results and FY24 EPS guidance below estimates. The company also announced the discontinuation of its quarterly cash dividend.
The lower-than-expected Q3 financial results and FY24 EPS guidance are likely to negatively impact investor sentiment. Additionally, the discontinuation of the quarterly cash dividend may further reduce investor confidence, leading to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100