CORRECTION: Victoria's Secret & Co Sees Q3 Adj. EPS $(0.60) - $(0.80) Vs $(0.66) Est.
Portfolio Pulse from Benzinga Newsdesk
Victoria's Secret & Co has revised its Q3 adjusted EPS guidance to a range of $(0.60) to $(0.80), compared to the previous estimate of $(0.66).
August 29, 2024 | 1:42 pm
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NEGATIVE IMPACT
Victoria's Secret & Co has adjusted its Q3 EPS guidance to a range of $(0.60) to $(0.80), which is below the previous estimate of $(0.66). This indicates potential financial challenges for the company.
The downward revision of EPS guidance suggests that Victoria's Secret & Co may face financial difficulties, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100