Tempur Sealy International shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Tempur Sealy International shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 adjusted EPS guidance below estimates.
August 06, 2024 | 11:54 am
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Tempur Sealy International reported disappointing Q2 financial results and reduced its FY24 adjusted EPS guidance below market estimates, leading to a decline in its share price.
The company's worse-than-expected Q2 financial results and the reduction in FY24 adjusted EPS guidance are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100