Fluidra falls on possible read-across from Pool Corporation

Pool

23/02/2024 17:54

** Shares in Spanish pool equipment maker Fluidra  FLUI.MC  
fell 4.5%, with one analyst pointing to a possible read-across
from the U.S.-based company Pool Corporation  POOL.O  
    ** Christoph Greulich from Berenberg said Fluidra's stock
price performance might have been a "delayed reaction" to
PoolCorp's Thursday's Q4 results 
    ** PoolCorp, which distributes swimming pool products,
pocketed quarterly adjusted earnings of $1.32​​ per share for
the three months to Dec. 31, down from $1.82 reported a year
earlier
    ** "It seems like the outlook was somewhat below where the
consensus expectations were like," Greulich says, adding
historically Fluidra's shares tended to react to when PoolCorp
was reporting
    ** "Pool delivered a slight beat in 4Q but announced 
guidance below consensus at midpoint, on weaker than expected 
top-line and a lower than expected operating margin", Jefferies
wrote in a note on Thursday
    ** Fluidra's FY 2024 results are due on Feb. 29
   

 (Reporting by Jakub Olesiuk)
 ((jakub.olesiuk@thomsonreuters.com))