Solo Brands shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and cut its FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Solo Brands shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and cut its FY24 revenue guidance below estimates.
August 07, 2024 | 4:36 pm
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NEGATIVE IMPACT
Solo Brands reported worse-than-expected Q2 adjusted EPS and lowered its FY24 revenue guidance, leading to a decline in its stock price.
The company's disappointing Q2 earnings and reduced revenue guidance are likely to negatively impact investor sentiment and drive the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100