W.W. Grainger shares are trading lower after the company reported worse-than-expected Q2 revenue results and cut its FY24 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
W.W. Grainger shares are trading lower after the company reported worse-than-expected Q2 revenue results and cut its FY24 guidance below estimates.
August 01, 2024 | 12:51 pm
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NEGATIVE IMPACT
W.W. Grainger shares are trading lower due to disappointing Q2 revenue results and a reduction in FY24 guidance below estimates.
The company's worse-than-expected Q2 revenue results and the downward revision of FY24 guidance are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100