Lineage shares continue to fall despite market share gains and raised guidance
LINE Lineage Inc
$39.66 +1.35%
View chart & analysis → - 1Lineage Inc shares fell 12.7% following the report and are currently trading at $36.
- 2Lineage raised its earnings per share guidance from $2.80 to $3.05.
- 3Lineage stated that adjusted EBITDA for the second half of the year will decrease by approximately $15 million due to a fire at its Big Bear facility in Los Angeles.
So what's the key point?
Lineage Inc raised its earnings per share forecast to $3.05, but its stock price fell 12.7%. The drop was influenced by news that profits will decrease in the second half of the year due to a facility fire.
Source Earnings Whispers · View original ↗
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