Why American Woodmark Stock Dropped 14% Today
Shares of American Woodmark (NASDAQ: AMWD) had crashed 14.2% by 9:40 a.m. EDT on Tuesday after the Winchester, Virginia, cabinetmaker reported a sizable miss on its fiscal first-quarter 2022 earnings this morning.
Analysts had forecast that American Woodmark would earn $1.55 per share (pro forma) this past quarter, on sales of $461.8 million, but the company reported a profit of only $0.70 and sales of $442.6 million instead.
Image source: Getty Images.
Source Fool.com
