ODP shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
ODP shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 guidance.
August 07, 2024 | 12:40 pm
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NEGATIVE IMPACT
ODP shares are trading lower due to worse-than-expected Q2 financial results and a reduction in FY24 guidance.
The company's poor Q2 financial performance and reduced FY24 guidance are likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100