Leslie's Expects Preliminary Sales For Q3 Of Approximately $570M (Est $615.407M), Adjusted EPS Of $0.32 - $0.33 (Est $0.42)
Portfolio Pulse from Benzinga Newsdesk
Leslie's Inc. (LESL) announced preliminary sales for Q3 of approximately $570 million, falling short of the estimated $615.407 million. The company also expects adjusted EPS to be between $0.32 and $0.33, below the estimated $0.42.
July 17, 2024 | 8:10 pm
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Leslie's Inc. reported preliminary Q3 sales of $570 million, missing the estimated $615.407 million. The company also expects adjusted EPS to be between $0.32 and $0.33, below the estimated $0.42. This shortfall in both sales and earnings is likely to negatively impact the stock price in the short term.
The significant miss on both sales and earnings estimates is likely to lead to a negative market reaction. Investors typically react unfavorably to such news, which could result in a short-term decline in the stock price.
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IMPORTANCE 80
RELEVANCE 100