BUZZ-Vestis shares plunge on pulling FY guidance, Q2 rev miss

Reuters
May 07
BUZZ-Vestis shares plunge on pulling FY guidance, Q2 rev miss

** Shares of uniform rental co Vestis VSTS.N slide ~27% to $6.39 in premarket trading

** Co's Q2 revenue of $665 million misses analysts estimates of $690 mln, per LSEG data

** Co also pulls its fiscal 2025 guidance

** Analysts avg rating is "hold", with median PT of $13.2- LSEG data

** Co's shares have fallen by 12% this quarter and lost ~43% so far this year

(Reporting by Rashika Singh)

((Rashika.Singh@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10