Ryan Specialty shares are trading lower after the company reported worse-than-expected Q3 adjusted EPS results. The company is also in final discussions to acquire Innovisk Capital Partners.
Portfolio Pulse from Benzinga Newsdesk
Ryan Specialty's shares fell after reporting disappointing Q3 adjusted EPS results. The company is also in final talks to acquire Innovisk Capital Partners.
October 30, 2024 | 8:52 pm
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Ryan Specialty's shares declined due to disappointing Q3 adjusted EPS results. The company is also negotiating the acquisition of Innovisk Capital Partners.
The negative earnings surprise is likely the primary driver of the share price decline, as it directly impacts investor sentiment. The acquisition talks, while potentially positive in the long term, do not offset the immediate negative impact of the earnings miss.
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