Stantec cuts FY 2024 outlook, stock drops to $80.64, but beats Q3 estimates, raises dividend.

Stantec, a professional services company, lowered its FY 2024 earnings and revenue guidance below market expectations, leading to a drop in its stock price to $80.64. Despite this, Stantec beat Q3 EPS estimates and increased its quarterly dividend to $0.155. The company's services include infrastructure planning, water resource management, and building design solutions.

November 10, 2024
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