Concrete Pumping shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Concrete Pumping shares declined following the release of disappointing Q3 financial results and FY24 revenue guidance that fell short of expectations.
September 04, 2024 | 8:23 pm
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Concrete Pumping's Q3 financial results were worse than expected, and the company's FY24 revenue guidance was below estimates, leading to a decline in share price.
The company's financial performance did not meet market expectations, which typically results in a negative reaction from investors. The lower-than-expected revenue guidance for FY24 further exacerbates concerns about future growth prospects, leading to a decline in the stock price.
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