Polaris shares are trading lower after the company reported worse-than-expected Q3 EPS and sales and cut its 2024 guidance.
Portfolio Pulse from Benzinga Newsdesk
Polaris shares declined following a disappointing Q3 earnings report, which revealed lower-than-expected EPS and sales. The company also reduced its 2024 guidance.
October 22, 2024 | 10:39 am
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NEGATIVE IMPACT
Polaris reported Q3 earnings that fell short of expectations, with both EPS and sales underperforming. Additionally, the company lowered its guidance for 2024, leading to a decline in its stock price.
The negative earnings surprise and reduced future guidance are likely to weigh on investor sentiment, causing a short-term decline in Polaris' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100