06:03 AM EDT, 07/18/2024 (MT Newswires) -- (Updates with the stock move in the headline and first paragraph.)

Leslie's (LESL) shares were trading 23% lower in recent premarket activity on Thursday after the company's fiscal Q3 results, based on preliminary data, missed expectations, and it cut full-year forecasts for adjusted earnings and sales.

The company said late Wednesday that it expects to report fiscal Q3 adjusted diluted earnings of $0.32 to $0.33 per share on sales of about $570 million.

Analysts polled by Capital IQ are looking for $0.42 and $615.4 million, respectively.

For fiscal 2024, the company said it now expects adjusted EPS of $0.03 to $0.09 on sales of $1.32 billion to $1.35 billion. In May, Leslie's projected adjusted EPS at $0.25 to $0.33 on sales of $1.41 billion to $1.47 billion.

The consensus is for $0.29 and $1.42 billion, respectively.

Price: 3.1500, Change: -0.93, Percent Change: -22.79