Expro Group shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 sales guidance with its midpoint below estimates.
Portfolio Pulse from Benzinga Newsdesk
Expro Group's shares declined following disappointing Q3 financial results and FY24 sales guidance that fell short of expectations.
October 24, 2024 | 5:52 pm
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Expro Group's shares are trading lower due to worse-than-expected Q3 financial results and FY24 sales guidance with a midpoint below estimates.
The company's Q3 financial results were worse than expected, which typically leads to a negative market reaction. Additionally, the FY24 sales guidance midpoint being below estimates suggests future revenue challenges, further pressuring the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100