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Benzinga
Benzinga
Business
Adam Eckert

Why Weber Shares Are Getting Smoked Today

Weber NYSE Weber Inc

Weber Inc (NYSE:WEBR) shares are trading lower Monday after the company reported worse-than-expected top-line results and issued guidance below analyst estimates.

Weber said fiscal second-quarter revenue decreased 7% year-over-year to $607 million, which came in below the $659.06-million estimate, according to data from Benzinga Pro. The company reported a quarterly adjusted loss of 64 cents per share, which may not compare to estimates for earnings of 18 cents per share.

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