Pintar's stock drops 17% after lowering forecasts amid weak demand
Pintar's stocks in the United States dropped approximately 17% after the company lowered its annual outlook due to weak demand in the swimming pool equipment sector. Its results were affected by declining sales and low inventories resulting from rising interest rates and inflationary pressures. The company forecasted a revenue decline for 2026 between 4% and 7%, with earnings per share falling to a range of $4.60 to $4.80. This has wiped out around two billion dollars of its market value if the market continues to decline.
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