Franklin Electric shares are trading lower after the company reported worse-than-expected Q3 financial results and cut its FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
Franklin Electric's shares declined following disappointing Q3 results and a reduction in FY24 guidance.
October 29, 2024 | 1:35 pm
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Franklin Electric's shares are trading lower due to worse-than-expected Q3 financial results and a cut in FY24 guidance.
The company's Q3 financial results were below expectations, which typically leads to a negative market reaction. Additionally, the reduction in FY24 guidance suggests potential challenges ahead, further contributing to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100