Constellium shares are trading lower after the company reported Q2 financial results. The company announced that it paused its FY24 adjusted EBITDA guidance due to flooding at its facilities.
Portfolio Pulse from Benzinga Newsdesk
Constellium shares are trading lower after the company reported Q2 financial results and announced a pause in its FY24 adjusted EBITDA guidance due to flooding at its facilities.
July 23, 2024 | 4:36 pm
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Constellium shares are trading lower following the release of Q2 financial results and the announcement of a pause in FY24 adjusted EBITDA guidance due to flooding at its facilities.
The company's Q2 financial results were disappointing, and the pause in FY24 adjusted EBITDA guidance due to flooding at its facilities adds uncertainty. This negative news is likely to impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100