Wabash National Maintains FY24 Outlook; Q1 Results Miss Estimates
(RTTNews) - While reporting financial results for the first quarter on Wednesday, Wabash National Corp. (WNC) maintained its earnings outlook for the full-year 2024, as first-quarter shipment delays to flow into subsequent quarters.
For fiscal 2024, the company continues to project earnings in the range of $2.00 to $2.50 per share on revenues between about $2.2 billion and $2.4 billion.
On average, three analysts polled by Thomson Reuters expect the company to report earnings of $2.19 per share on revenues of $2.25 billion for the year. Analysts' estimates typically exclude special items.
For the first quarter, the company reported net income attributable to common stockholders of $18.17 million or $0.39 per share, sharply down from $51.21 million or $1.04 per share in the prior-year quarter.
Net sales for the quarter declined 17.0 percent to $515.28 million from $620.95 million in the same quarter last year.
The Street was looking for earnings of $0.45 per share on net sales of $516.85 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Swiss Market Settles Slightly Up
European Stocks Close Broadly Higher
Euro Falls Amid Ongoing French Political Concerns
Euro Falls Against Majors
Fastenal Q3 Profit Climbs, But Misses Market View; Stock Down
Dollar Surges As Euro, Yen Plunge
FTSE 100 Up Marginally; Miners Rise On Higher Metal Prices
