Outset Medical shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance.
Portfolio Pulse from Benzinga Newsdesk
Outset Medical shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance.
August 08, 2024 | 11:39 am
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Outset Medical reported disappointing Q2 financial results and reduced its FY24 revenue guidance, leading to a decline in its share price.
The company's worse-than-expected Q2 financial results and the reduction in FY24 revenue guidance are significant negative factors that are likely to impact investor sentiment and lead to a short-term decline in the stock price.
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