Arcosa shares are trading lower after the company reported Q2 financial results. The company announced it will acquire the construction materials business of Stavola Holding and its affiliated entities.
Portfolio Pulse from Benzinga Newsdesk
Arcosa shares are trading lower after the company reported Q2 financial results and announced the acquisition of Stavola Holding's construction materials business.
August 02, 2024 | 4:20 pm
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Arcosa shares are trading lower after the company reported Q2 financial results and announced the acquisition of Stavola Holding's construction materials business.
The decline in Arcosa's share price is likely due to the market's reaction to the Q2 financial results, which may have fallen short of expectations. Additionally, the announcement of the acquisition could be seen as a significant expenditure, adding to investor concerns.
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