SiteOne Landscape Supply Analysts Cut Their Forecasts After Downbeat Q2 Results
SiteOne Landscape (NYSE: SITE) reported Q2 earnings of $3.14/share, missing estimates. Sales also fell short. Stock fell 1.1% in pre-market trading.
SiteOne made less money than experts expected in the last three months, so people who study stocks think the company will earn less in the future too. When a company misses expectations, it can mean people are less excited about buying its stock, so it's worth watching how the company fixes things.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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