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Stock impact report

Why Shares of Materion Are Plunging This Week [Yahoo! Finance]

Materion Corporation (MTRN) 
Last materion corporation earnings: 4/23 07:53 am Check Earnings Report
US:NYSE Investor Relations: investor.materion.com/investor-relations
Company Research Source: Yahoo! Finance
With orders coming in lower than expected, management for advanced materials company Materion (NYSE: MTRN) sees a less profitable 2024 than it had initially expected. As a result, the company downwardly revised its 2024 guidance, motivating investors to trim -- or exit completely -- their positions. Adding to investors' concerns, an analyst provided a more bearish outlook on Materion stock during the week. According to data provided by S&P Global Market Intelligence , shares of Materion are down 10.7% from the end of trading last Friday through the market's close on Thursday. The sources of investors' distress In its second-quarter 2024 financial report, Materion management espoused optimism for the year, projecting 2024 adjusted earnings per share (EPS) of $5.60 to $5.90 -- the midpoint of which represented a 2% increase over that which it reported in 2023. But the bullish outlook didn't last long. On Tuesday, Materion revealed in a regulatory filing that it was now guiding Show less Read more
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