H.B. Fuller Misses Q3 Earnings Estimates On Weak Demand, Shares Tank
Portfolio Pulse from Lekha Gupta
H.B. Fuller Company (NYSE:FUL) reported disappointing Q3 earnings, missing estimates and revising FY24 guidance downwards. The company experienced weak demand, leading to a 6.98% drop in share price. Despite some growth in adjusted EBITDA and gross profit, the outlook remains cautious.
September 26, 2024 | 1:17 pm
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H.B. Fuller missed Q3 earnings estimates and revised its FY24 guidance downwards due to weak demand, causing a 6.98% drop in share price. Despite some growth in adjusted EBITDA and gross profit, the outlook remains cautious.
The company's Q3 earnings missed expectations, and the downward revision of FY24 guidance indicates potential challenges ahead. The market reacted negatively, with shares dropping 6.98%. This suggests a short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100