Stock Track | Wabash National Shares Plunge on Disappointing Q3 Results, Legal Charge

Stock Track

Oct 24, 2024

Shares of Wabash National Corporation (NYSE:WNC) plummeted by 5.86% on Tuesday, October 24, 2024, following the company's weaker-than-expected third-quarter financial results and a significant legal charge related to an unfavorable verdict.

The truck trailer manufacturer reported adjusted earnings per share of $0.19 for the third quarter, missing analysts' consensus estimate of $0.23 by a wide margin. Revenue for the quarter came in at $464 million, down 26.7% from the prior year and falling short of the $477.35 million forecast.

The company's GAAP net loss for the quarter amounted to a staggering $330.17 million, or $7.53 per share, primarily driven by a $450 million non-cash charge related to a legal verdict. Wabash maintains that the outcome is unsupported by facts or law, and the company is evaluating all available legal options for appeal.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1177234621"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1177234621\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1177234621?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-24 22:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1177234621","market":"us","top_or_hot":-1,"title":"Stock Track | Wabash National Shares Plunge on Disappointing Q3 Results, Legal Charge","media":"Stock Track","content":"<p>Shares of Wabash National Corporation (NYSE:WNC) plummeted by 5.86% on Tuesday, October 24, 2024, following the company's weaker-than-expected third-quarter financial results and a significant legal charge related to an unfavorable verdict.</p>\n\n<p>The truck trailer manufacturer reported adjusted earnings per share of $0.19 for the third quarter, missing analysts' consensus estimate of $0.23 by a wide margin. Revenue for the quarter came in at $464 million, down 26.7% from the prior year and falling short of the $477.35 million forecast.</p>\n\n<p>The company's GAAP net loss for the quarter amounted to a staggering $330.17 million, or $7.53 per share, primarily driven by a $450 million non-cash charge related to a legal verdict. Wabash maintains that the outcome is unsupported by facts or law, and the company is evaluating all available legal options for appeal.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Wabash National Shares Plunge on Disappointing Q3 Results, Legal Charge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Wabash National Shares Plunge on Disappointing Q3 Results, Legal Charge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-24 22:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Wabash National Corporation (NYSE:WNC) plummeted by 5.86% on Tuesday, October 24, 2024, following the company's weaker-than-expected third-quarter financial results and a significant legal charge related to an unfavorable verdict.</p>\n\n<p>The truck trailer manufacturer reported adjusted earnings per share of $0.19 for the third quarter, missing analysts' consensus estimate of $0.23 by a wide margin. Revenue for the quarter came in at $464 million, down 26.7% from the prior year and falling short of the $477.35 million forecast.</p>\n\n<p>The company's GAAP net loss for the quarter amounted to a staggering $330.17 million, or $7.53 per share, primarily driven by a $450 million non-cash charge related to a legal verdict. Wabash maintains that the outcome is unsupported by facts or law, and the company is evaluating all available legal options for appeal.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WNC","symbol_name":"Wabash National Corp","start_time":0,"source_url":"","article_id":"1177234621","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1177234621","pubTimestamp":1729779160,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Wabash National Corporation  plummeted by 5.86% on Tuesday, October 24, 2024, following the company's weaker-than-expected third-quarter financial results and a significant legal charge related to an unfavorable verdict.The truck trailer manufacturer reported adjusted earnings per share of $0.19 for the third quarter, missing analysts' consensus estimate of $0.23 by a wide margin. Revenue for the quarter came in at $464 million, down 26.7% from the prior year and falling short of the $","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WNC":"Wabash National Corp"},"translate_title":"股票追踪沃巴什国家股价因第三季度业绩令人失望和法律指控而暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WNC":1},"content_text":"Shares of Wabash National Corporation (NYSE:WNC) plummeted by 5.86% on Tuesday, October 24, 2024, following the company's weaker-than-expected third-quarter financial results and a significant legal charge related to an unfavorable verdict.\nThe truck trailer manufacturer reported adjusted earnings per share of $0.19 for the third quarter, missing analysts' consensus estimate of $0.23 by a wide margin. Revenue for the quarter came in at $464 million, down 26.7% from the prior year and falling short of the $477.35 million forecast.\nThe company's GAAP net loss for the quarter amounted to a staggering $330.17 million, or $7.53 per share, primarily driven by a $450 million non-cash charge related to a legal verdict. Wabash maintains that the outcome is unsupported by facts or law, and the company is evaluating all available legal options for appeal.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}