Stock Track | JELD-WEN Shares Plunge After Disappointing Q3 Results, Guidance Cut

Stock Track

Nov 05, 2024

Shares of JELD-WEN Holding Inc. (JELD) plummeted by over 32% on Monday, November 5, 2024, after the building products manufacturer reported disappointing third-quarter financial results and lowered its full-year revenue guidance.

For the quarter ended September 28, 2024, JELD reported adjusted earnings per share (EPS) of $0.32, significantly missing analysts' consensus estimate of $0.40 and down sharply from $0.53 in the same quarter last year. The company's revenue for Q3 2024 was $934.7 million, a 13.2% year-over-year decrease and below analysts' expectations of $990.75 million.

JELD also reported a quarterly net loss of $74.4 million, or a GAAP EPS loss of $0.88, reflecting the challenging business environment the company faced during the quarter. In response to the weaker-than-expected demand and market conditions, JELD lowered its full-year 2024 revenue guidance to a range of $3.7 billion to $3.75 billion, down from the previous guidance of $3.9 billion to $4.1 billion.

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(JELD) plummeted by over 32% on Monday, November 5, 2024, after the building products manufacturer reported disappointing third-quarter financial results and lowered its full-year revenue guidance.</p>\n\n<p>For the quarter ended September 28, 2024, JELD reported adjusted earnings per share (EPS) of $0.32, significantly missing analysts' consensus estimate of $0.40 and down sharply from $0.53 in the same quarter last year. The company's revenue for Q3 2024 was $934.7 million, a 13.2% year-over-year decrease and below analysts' expectations of $990.75 million.</p>\n\n<p>JELD also reported a quarterly net loss of $74.4 million, or a GAAP EPS loss of $0.88, reflecting the challenging business environment the company faced during the quarter. 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(JELD) plummeted by over 32% on Monday, November 5, 2024, after the building products manufacturer reported disappointing third-quarter financial results and lowered its full-year revenue guidance.</p>\n\n<p>For the quarter ended September 28, 2024, JELD reported adjusted earnings per share (EPS) of $0.32, significantly missing analysts' consensus estimate of $0.40 and down sharply from $0.53 in the same quarter last year. The company's revenue for Q3 2024 was $934.7 million, a 13.2% year-over-year decrease and below analysts' expectations of $990.75 million.</p>\n\n<p>JELD also reported a quarterly net loss of $74.4 million, or a GAAP EPS loss of $0.88, reflecting the challenging business environment the company faced during the quarter. In response to the weaker-than-expected demand and market conditions, JELD lowered its full-year 2024 revenue guidance to a range of $3.7 billion to $3.75 billion, down from the previous guidance of $3.9 billion to $4.1 billion.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JELD","symbol_name":"JELD-WEN Holding Inc.","start_time":0,"source_url":"","article_id":"1165603072","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1165603072","pubTimestamp":1730817435,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of JELD-WEN Holding Inc.  plummeted by over 32% on Monday, November 5, 2024, after the building products manufacturer reported disappointing third-quarter financial results and lowered its full-year revenue guidance.For the quarter ended September 28, 2024, JELD reported adjusted earnings per share  of $0.32, significantly missing analysts' consensus estimate of $0.40 and down sharply from $0.53 in the same quarter last year. The company's revenue for Q3 2024 was $934.7 million, a 13.2% y","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"JELD":"JELD-WEN Holding Inc."},"translate_title":"股票赛道JELD-WEN第三季度业绩令人失望、指引下调后股价暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JELD":1},"content_text":"Shares of JELD-WEN Holding Inc. (JELD) plummeted by over 32% on Monday, November 5, 2024, after the building products manufacturer reported disappointing third-quarter financial results and lowered its full-year revenue guidance.\nFor the quarter ended September 28, 2024, JELD reported adjusted earnings per share (EPS) of $0.32, significantly missing analysts' consensus estimate of $0.40 and down sharply from $0.53 in the same quarter last year. 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