Centuri shares are trading lower after the company reported worse-than-expected Q2 earnings. The company also provided lower-than-expected 2024 guidance.
Portfolio Pulse from Benzinga Newsdesk
Centuri shares are trading lower after the company reported worse-than-expected Q2 earnings and provided lower-than-expected 2024 guidance.
July 29, 2024 | 3:16 pm
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NEGATIVE IMPACT
Centuri reported worse-than-expected Q2 earnings and provided lower-than-expected 2024 guidance, leading to a drop in share price.
The company's worse-than-expected Q2 earnings and lower-than-expected 2024 guidance are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100