Herbalife shares are trading lower after the company reported worse-than-expected Q2 revenue results. Additionally, the company lowered its FY24 revenue growth below estimates.
Portfolio Pulse from Benzinga Newsdesk
Herbalife shares are trading lower after the company reported worse-than-expected Q2 revenue results and lowered its FY24 revenue growth below estimates.
August 01, 2024 | 7:54 pm
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NEGATIVE IMPACT
Herbalife shares are trading lower due to disappointing Q2 revenue results and a reduced FY24 revenue growth forecast.
The company's worse-than-expected Q2 revenue results and the lowering of its FY24 revenue growth forecast are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100