SPS Commerce shares are trading lower after the company cut its FY24 adjusted EPS guidance.
Portfolio Pulse from Benzinga Newsdesk
SPS Commerce shares declined following the company's decision to lower its FY24 adjusted EPS guidance.
October 24, 2024 | 8:36 pm
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SPS Commerce shares are trading lower after the company reduced its FY24 adjusted EPS guidance, indicating potential challenges in meeting previous earnings expectations.
The reduction in FY24 adjusted EPS guidance suggests that SPS Commerce may face difficulties in achieving its previously set earnings targets. This has led to a negative market reaction, causing the stock price to decline. Investors are likely to be concerned about the company's future performance.
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