MasterBrand shares are trading lower after the company reported Q2 financial results and issued FY24 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
MasterBrand shares are trading lower after the company reported Q2 financial results and issued FY24 adjusted EPS guidance below estimates.
August 07, 2024 | 3:35 pm
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NEGATIVE IMPACT
MasterBrand shares are trading lower due to disappointing Q2 financial results and FY24 adjusted EPS guidance below estimates.
The company's Q2 financial results were below expectations, and the FY24 adjusted EPS guidance was also lower than estimates. This has led to a negative market reaction, causing the stock price to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100