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.
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