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50.87
0.83%
0.42
After Hours:
50.91
0.04
+0.08%
Why is Brp Inc (DOOO) Stock down?
We've noticed a 7.32% decline in Brp Inc (DOOO) stock during the 2024-10-22 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
30 Nov, 2023:
Shares of BRP Inc (DOOO) dropped by 11.71% from $69.92 to $61.73 in the trading on Thursday, November 30, 2023. The reason why DOOO is down today is due to the company's third-quarter financial results, which saw profits halving compared to the previous year. Sluggish consumer spending and a decline in consumer confidence were cited as reasons for lower demand for BRP Inc's recreational vehicles, including Sea-Doos, three-wheeled motorcycles, and pontoon boats. Weaker international markets also contributed to the company's challenges. This slowdown prompted BRP Inc to revise its financial forecast, projecting a 6-8% drop in normalized earnings per share for the fiscal year instead of the previously expected rise of up to 7%.
0.69%
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