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Why Trex Stock Is Falling Today

TheMotleyFool

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Trex (NYSE: TREX) used cost controls to deliver an earnings beat despite lower-than-expected revenue, but investors were more focused on the company's weak forecast for future demand.

The stock is plunging post earnings, down 21% as of 1:30 p.m. ET.

Trex is a maker of composite decking and wood alternatives. The company is tied to the housing and remodeling industries, and its value proposition includes a higher up-front cost in exchange for lower ongoing maintenance costs.

Source Fool.com

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