Fortrea Holdings shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Fortrea Holdings shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates.
August 12, 2024 | 12:14 pm
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Fortrea Holdings reported disappointing Q2 financial results and reduced its FY24 revenue guidance below market estimates, leading to a decline in its share price.
The company's worse-than-expected Q2 results and the downward revision of FY24 revenue guidance are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100