GrowGeneration Sees Q2 Prelim. Revenue Over $53M Vs $54.698M Est.
Portfolio Pulse from Benzinga Newsdesk
GrowGeneration announced its preliminary Q2 revenue of over $53 million, which is below the estimated $54.698 million.
July 22, 2024 | 8:09 pm
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NEGATIVE IMPACT
GrowGeneration's preliminary Q2 revenue of over $53 million missed the estimated $54.698 million, which could negatively impact the stock price in the short term.
The preliminary revenue figure falling short of estimates typically signals weaker-than-expected performance, which can lead to a negative market reaction and a potential drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100