Stock Track | JELD-WEN Plunges 18% in Pre-Market After Disappointing Q3 Results, Guidance Cut

Stock Track

Nov 05, 2024

JELD-WEN Holding Inc. (JELD) stock plunged over 18% in pre-market trading on Monday, November 5, 2024, after the company reported disappointing third-quarter financial results and lowered its full-year revenue guidance.

The building products manufacturer reported adjusted earnings per share (EPS) of $0.32 for the quarter ended September 28, 2024, missing analysts' consensus estimate of $0.40 and down significantly from $0.53 in the same quarter last year. JELD'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 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 addition, 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, citing weaker-than-expected demand and market conditions.

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(JELD) stock plunged over 18% in pre-market trading on Monday, November 5, 2024, after the company reported disappointing third-quarter financial results and lowered its full-year revenue guidance.</p>\n\n<p>The building products manufacturer reported adjusted earnings per share (EPS) of $0.32 for the quarter ended September 28, 2024, missing analysts' consensus estimate of $0.40 and down significantly from $0.53 in the same quarter last year. JELD'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 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) stock plunged over 18% in pre-market trading on Monday, November 5, 2024, after the company reported disappointing third-quarter financial results and lowered its full-year revenue guidance.</p>\n\n<p>The building products manufacturer reported adjusted earnings per share (EPS) of $0.32 for the quarter ended September 28, 2024, missing analysts' consensus estimate of $0.40 and down significantly from $0.53 in the same quarter last year. JELD'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 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 addition, 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, citing weaker-than-expected demand and market conditions.</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":"1194057925","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1194057925","pubTimestamp":1730808498,"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":"JELD-WEN Holding Inc.  stock plunged over 18% in pre-market trading on Monday, November 5, 2024, after the company reported disappointing third-quarter financial results and lowered its full-year revenue guidance.The building products manufacturer reported adjusted earnings per share  of $0.32 for the quarter ended September 28, 2024, missing analysts' consensus estimate of $0.40 and down significantly from $0.53 in the same quarter last year. JELD's revenue for Q3 2024 was $934.7 million, a 13.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"JELD":"JELD-WEN Holding Inc."},"translate_title":"第三季度业绩令人失望、指引下调后，股票赛道JELD-WEN盘前暴跌18%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JELD":1},"content_text":"JELD-WEN Holding Inc. (JELD) stock plunged over 18% in pre-market trading on Monday, November 5, 2024, after the company reported disappointing third-quarter financial results and lowered its full-year revenue guidance.\nThe building products manufacturer reported adjusted earnings per share (EPS) of $0.32 for the quarter ended September 28, 2024, missing analysts' consensus estimate of $0.40 and down significantly from $0.53 in the same quarter last year. 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