A.O. Smith shares are trading lower after the company reported preliminary Q3 results below estimates and cut its FY24 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
A.O. Smith's shares declined after the company reported preliminary Q3 results that fell short of expectations and reduced its FY24 EPS guidance.
October 11, 2024 | 11:57 am
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NEGATIVE IMPACT
A.O. Smith's shares are trading lower due to disappointing preliminary Q3 results and a reduction in FY24 EPS guidance.
The company's preliminary Q3 results were below estimates, which typically leads to a negative market reaction. Additionally, the cut in FY24 EPS guidance suggests potential challenges ahead, further contributing to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100