NVent Electric shares are trading lower after the company reported worse-than-expected Q2 sales results. Also, the company narrowed its FY24 EPS guidance.
Portfolio Pulse from Benzinga Newsdesk
NVent Electric shares are trading lower after the company reported worse-than-expected Q2 sales results and narrowed its FY24 EPS guidance.
August 06, 2024 | 1:12 pm
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NVent Electric shares are trading lower due to disappointing Q2 sales results and a narrowed FY24 EPS guidance.
The company's worse-than-expected Q2 sales results and the narrowing of its FY24 EPS guidance are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
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