Kimball Electronics shares are trading lower after the company reported worse-than-expected Q4 financial results and issued FY24 net sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Kimball Electronics shares are trading lower after the company reported worse-than-expected Q4 financial results and issued FY24 net sales guidance below estimates.
August 14, 2024 | 3:19 pm
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NEGATIVE IMPACT
Kimball Electronics reported disappointing Q4 financial results and issued FY24 net sales guidance below estimates, leading to a drop in share price.
The company's worse-than-expected Q4 financial results and lower-than-expected FY24 net sales guidance are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100