Franklin Electric shares are trading lower after the company reported worse-than-expected Q2 financial results. The company also cut its FY24 EPS guidance.
Portfolio Pulse from Benzinga Newsdesk
Franklin Electric shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 EPS guidance.
July 23, 2024 | 4:43 pm
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Franklin Electric shares are trading lower due to disappointing Q2 financial results and a reduction in FY24 EPS guidance.
The company's worse-than-expected Q2 financial results and the cut in FY24 EPS guidance are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100