Guess? shares are trading lower after the company reported worse-than-expected Q2 adjusted EPS results and cut its FY25 adjusted EPS guidance below estimates. Also, the company issued Q3 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Guess? shares declined after the company reported disappointing Q2 adjusted EPS results and lowered its FY25 and Q3 adjusted EPS guidance below estimates.
August 28, 2024 | 8:30 pm
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NEGATIVE IMPACT
Guess? reported worse-than-expected Q2 adjusted EPS and lowered its FY25 and Q3 EPS guidance, leading to a decline in share price.
The company's failure to meet Q2 EPS expectations and the reduction in future guidance are likely to negatively impact investor sentiment, leading to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100