Financial team meeting brainstorm.
CHARLOTTE, N.C. (HERE News) — JELD-WEN Holding, Inc. (JELD) announced on Monday that it reported a loss of $27.7 million in its first quarter. The Charlotte-based company stated that the loss equated to 32 cents per share. However, after adjusting for one-time gains and costs, their earnings came in at 21 cents per share, surpassing the expectations of Wall Street analysts.
Despite the positive earnings per share, JELD-WEN’s revenue for the first quarter fell below Street forecasts. The company posted revenue of $959.1 million, missing the expected $972.6 million. Five analysts surveyed by Zacks Investment Research had predicted higher revenue figures.
JELD-WEN provided an outlook for full-year revenue, estimating it to be in the range of $3.9 billion to $4.1 billion. This projection will be closely monitored by investors and analysts as the company moves forward in the current fiscal year.
JELD-WEN Holding, Inc. is a leading manufacturer of doors and windows, serving customers globally. With headquarters in Charlotte, North Carolina, the company has established itself as a key player in the industry.
_____
This article was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on JELD at Zacks
Federal Courthouse Control at Stake Amid Judicial Nomination Deal In Washington D.C., tension is mounting…
Pittsburgh's Heartbreak: Steelers Fall to the Browns in a Nail-Biter Last night in Pittsburgh, the…
Alabama Executes Man Using Nitrogen Gas for First Time Odenville, Alabama - In a significant…
New York's Quarterback Quandary: Aaron Rodgers and His Future New York City is buzzing again,…
Historic Storms Bring Heavy Rain and Flooding to Northern California and the Pacific Northwest As…
Tragedy Strikes Northeast Charlotte as One Man Loses Life in Food Mart Shooting Charlotte, North…