- Genesco (GCO) collapses 16.64% on the last day of the week, operating at the time of writing about $ 27.01.
- GCO obtained income of 745.95 million dollars, below market expectations.
The values of Genesco Inc. established a maximum of the day at 28.34 $, finding aggressive vendors that dragged the price of the share at a minimum not seen since September 12, 2024 in $ 23.86. Currently, GC0 quotes about $ 27.01, losing 16.64% daily.
Genesco Inc. disappoints investors in their profit report
The company focused on offering footwear products, accessories and clothing, Genesco (GCO), presents a drop of 16.64% today, reaching minimum of almost six months at $ 23.86 after the publication of whether financial report.
GCO obtained revenues of 745.95 million dollars, below 784.85 million dollars expected by analysts. Similarly, he got an profit per share of $ 3.26, less than the $ 3,305 provided by the consensus.
For fiscal year 2026, GCO projects that its profit per share is located in a range between $ 1.30 and $ 1.70, below the market projection of 2.35 $. This decline has not been seen with good eyes for investors, taking it to minimal not seen since September 12, 2024 in $ 23.86.
Technical Levels of Genesco Inc.
GCO shares establish a short -term resistance given by the maximum of March 3 at 37.30. The next key resistance is observed in the maximum of December 18, 2024 in 44.45 $. Down, the key support is found at $ 23.21, pivot point of January 18, 2024.
GCO 4 hours chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
