Chemed shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Chemed's shares declined following the release of disappointing Q3 financial results and lower-than-expected FY24 EPS guidance.
October 30, 2024 | 4:02 pm
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Chemed's stock is experiencing a decline due to the company's Q3 financial results missing expectations and its FY24 EPS guidance being below estimates.
The company's Q3 financial results were worse than expected, which typically leads to a negative market reaction. Additionally, the FY24 EPS guidance being below estimates suggests potential future challenges, further contributing to the stock's decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100