Leslie's Stock Is Underwater After Hours: Diving Into The Details
Portfolio Pulse from Adam Eckert
Leslie’s Inc (NASDAQ:LESL) shares dropped significantly in after-hours trading following the release of preliminary Q3 financial results and a reduction in full-year guidance. The company cited adverse weather conditions and economic pressures as key factors.
July 17, 2024 | 8:48 pm
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NEGATIVE IMPACT
Leslie’s Inc shares fell 16.67% in after-hours trading after the company reported lower-than-expected Q3 revenue and earnings, and reduced its full-year guidance. The company cited poor weather and economic pressures as key factors.
The significant drop in after-hours trading is a direct result of the company's disappointing Q3 financial results and reduced full-year guidance. The adverse weather conditions and economic pressures mentioned by the CEO further contribute to the negative outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100