JELD-WEN: Q3 Earnings Snapshot

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — JELD-WEN Holding, Inc. (JELD) on Monday reported a loss of $74.4 million in its third quarter.

On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of 88 cents. Earnings, adjusted for asset impairment costs and restructuring costs, were 32 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The company posted revenue of $934.7 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $998.6 million.

JELD-WEN expects full-year revenue in the range of $3.7 billion to $3.75 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JELD at https://www.zacks.com/ap/JELD

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up