BrightView Shares Plunge After Earnings Miss

BrightViews shares plummeted by 2.4% in morning trading following disappointing Q3 earnings and a gloomy outlook for the future. The companys revenue dropped by 3.6% and adjusted earnings fell short of analysts expectations, attributed to slower demand for commercial landscaping projects. Baird lowered its price target, causing the stock to hit a new 52-week low. Despite BrightViews typically stable stock movements, todays drop signals a significant market reaction to the companys current financial situation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.