Stocks Drop on UAE-Iran Tensions, FTI Consulting Hit Hard

Stocks from FTI Consulting, MillerKnoll, and Interface plummeted today, with FTIs shares experiencing a significant drop of over 5% due to the UAE intercepting Iranian missiles. This event has investors worried about a potential oil shock and rising inflation, leading to a pullback in expectations for growth and order backlogs in business services and office furniture sectors. FTI Consulting, despite beating second-quarter estimates, revised its full-year earnings per share guidance downwards. Despite the recent dip, long-term holders have seen significant returns, suggesting potential gains if tensions ease. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/829c5f7c3823867f