Petco Health and Wellness shares are trading lower following worse-than-expected Q3 financial results.
Portfolio Pulse from Benzinga Newsdesk
Petco Health and Wellness shares declined due to disappointing Q3 financial results.
September 10, 2024 | 8:08 pm
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Petco Health and Wellness (WOOF) shares are trading lower after the company reported Q3 financial results that fell short of expectations.
The decline in Petco's share price is directly linked to the company's underperformance in Q3, which was worse than analysts and investors expected. This negative earnings surprise typically leads to a short-term decrease in stock price as investors adjust their expectations.
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