Why JELD-WEN Holding Stock Is Tumbling Today
Shares of JELD-WEN Holding, Inc. (NYSE: JELD) declined more than 11% by 2:30 p.m. EST on Tuesday. Weighing on the window and door manufacturer was its fourth-quarter results and outlook for 2020.
JELD-WEN reported $1.07 billion in sales during the fourth quarter, which slipped 1.8% versus the year-ago period. Adjusted earnings, meanwhile, came in at $0.24 per share, which was $0.04 per share below the consensus estimate.
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Source Fool.com
