Penumbra shares are trading lower after the company reported Q2 financial results and cut its FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Penumbra shares are trading lower after the company reported Q2 financial results and cut its FY24 revenue guidance below estimates.
July 30, 2024 | 8:53 pm
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NEGATIVE IMPACT
Penumbra shares are trading lower following the release of Q2 financial results and a reduction in FY24 revenue guidance below market estimates.
The company's Q2 financial results did not meet expectations, and the reduction in FY24 revenue guidance below estimates is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100