CTD -20.15%: The plonker of the day with a very messy and weak result that will have those who penned the ‘short thesis’ on CTD a few years ago, licking their lips. They blamed short term macro headwinds for the miss in the 1H24, with underlying earnings (EBITDA) of $100.7m about a 10% miss to consensus while the guidance for FY24 was also lowered, they now see underlying Ebitda of $210-230mn, a 16% miss to expectations at the midpoint.
- A big miss and the stock deserved to get hit hard today
MM now has no interest in CTD
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