Kadant shares are trading lower. The company reported Q2 financial results and issued Q3 EPS and revenue guidance with a midpoint below estimates.
Portfolio Pulse from Benzinga Newsdesk
Kadant shares are trading lower after the company reported Q2 financial results and issued Q3 EPS and revenue guidance with a midpoint below estimates.
August 01, 2024 | 7:27 pm
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Kadant shares are trading lower due to disappointing Q2 financial results and Q3 EPS and revenue guidance with a midpoint below estimates.
The company's Q2 financial results were below expectations, and the Q3 guidance midpoint is also below estimates. This negative outlook is likely to impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100