WillScot shares are trading lower after the company reported worse-than-expected Q3 revenue results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
WillScot shares declined following disappointing Q3 revenue results and lower-than-expected FY24 revenue guidance.
October 30, 2024 | 8:49 pm
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WillScot reported Q3 revenue results that were below expectations and issued FY24 revenue guidance that also fell short of estimates, leading to a decline in its share price.
The company's Q3 revenue results were worse than expected, which typically leads to a negative market reaction. Additionally, the FY24 revenue guidance being below estimates suggests potential future challenges, further impacting investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100