ABM Industries shares are trading lower. The stock gained after the company reported better-than-expected Q3 financial results and raised its FY24 adjusted EPS guidance above estimates but has since reversed.
Portfolio Pulse from Benzinga Newsdesk
ABM Industries shares initially rose after reporting strong Q3 results and raising FY24 EPS guidance, but have since declined.
September 06, 2024 | 8:00 pm
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ABM Industries reported better-than-expected Q3 results and raised its FY24 EPS guidance, initially boosting shares. However, the stock has since reversed and is trading lower.
Despite positive earnings and guidance, ABM Industries' stock is trading lower, indicating potential profit-taking or market skepticism about future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100