Leslie's Stock Is Sinking Thursday: What's Going On?
Portfolio Pulse from Adam Eckert
Leslie's Inc (NASDAQ: LESL) shares are down 20.1% after the company reported lower-than-expected preliminary Q3 financial results and cut its full-year guidance. Analysts have also lowered their price targets for the stock.
July 18, 2024 | 1:10 pm
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Leslie's Inc shares are down 20.1% after the company reported lower-than-expected preliminary Q3 financial results and cut its full-year guidance. Analysts have also lowered their price targets for the stock.
The company's lower-than-expected Q3 revenue and earnings, along with reduced full-year guidance, have led to a significant drop in the stock price. Multiple analysts have also lowered their price targets, indicating a negative short-term outlook.
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