Shares of Wabash National Corporation Take a Post-Earnings Dip
Shares of truck-trailer manufacturer Wabash National Corporation (NYSE: WNC) are down 11.8% as of 2:00 p.m. EDT today. The reason for today's decline is tied to the company's earnings, which Wabash reported after the close yesterday.
As is the case with any significant post-earnings price move, today's plunge relates to missing expectations. The company's revenue of $435 million and per-share earnings of $0.37 both missed expectations. Those results were also well below Wabash's results from the same quarter last year. To add insult to injury, management narrowed its 2017 earnings guidance from $1.44 to $1.56 per share to $1.44 to $1.50 per share.
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Source: Fool.com
