MasterCraft Boat Holdings shares are trading lower after the company reported Q4 financial results and issued Q1 sales guidance below estimates. Also, the company issued FY25 sales and adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
MasterCraft Boat Holdings shares declined after the company reported Q4 financial results and issued Q1 and FY25 sales guidance below estimates.
August 29, 2024 | 12:12 pm
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MasterCraft Boat Holdings' shares are trading lower due to disappointing Q4 financial results and guidance for Q1 and FY25 sales and adjusted EPS falling below estimates.
The company's Q4 results and future guidance were below market expectations, which typically leads to a negative reaction in the stock price. The market often reacts negatively to lower-than-expected financial performance and guidance, as it may indicate potential challenges in the company's operations or market conditions.
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