Why WillScot Holdings Stock Flopped on Friday
Stock market players weren't particularly willing to invest their money in WillScot Holdings (NASDAQ: WSC) on Friday. The mobile storage solutions company's shares dipped by almost 7% in price due to an earnings report that featured a pair of misses on the consensus analyst estimates. This came on a mildly positive day for stocks overall, as the S 500 index inched 0.1% higher.
WillScott's third quarter featured a top line of nearly $567 million, which was down from the year-ago revenue of over $601 million. Although the company was still well in the black, net income not according to generally accepted accounting principles (GAAP) also fell, to $54.6 million ($0.30 per share) against third-quarter 2024's profit of almost $73 million.
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Source Fool.com
WillScot Mobile Mini Holdings Corp. Stock
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