REV Group shares are trading lower after the company reported worse-than-expected Q3 revenue results and lowered its FY24 net sales guidance.
Portfolio Pulse from Benzinga Newsdesk
REV Group's shares declined following disappointing Q3 revenue results and a reduction in FY24 net sales guidance.
September 04, 2024 | 12:58 pm
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NEGATIVE IMPACT
REV Group's stock is under pressure due to a miss in Q3 revenue expectations and a downward revision of FY24 net sales guidance.
The company's Q3 revenue results were below expectations, which typically leads to a negative market reaction. Additionally, lowering the FY24 net sales guidance suggests potential challenges ahead, further contributing to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100