Stock Track | Advanced Drainage Shares Plunge on Q2 Earnings Miss and Lowered Guidance

Stock Track

Nov 08, 2024

Advanced Drainage Systems Inc. (NYSE: WMS) shares plunged in pre-market trading on Wednesday, following the company's disappointing second-quarter fiscal 2025 earnings results and lowered full-year guidance.

The manufacturer of water drainage systems and pipes reported adjusted earnings per share of $1.70 for the quarter, missing analysts' expectations of $1.90 per share. While revenue was up slightly from the prior year at $782.61 million, it missed estimates of $822.35 million.

Additionally, the company lowered its full-year revenue guidance for fiscal 2025 to a range of $2.9 billion to $2.975 billion, below the previous consensus estimate of $2.99 billion. Management cited ongoing macroeconomic challenges and uncertainty for the revised outlook.

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(NYSE: WMS) shares plunged in pre-market trading on Wednesday, following the company's disappointing second-quarter fiscal 2025 earnings results and lowered full-year guidance.</p>\n\n<p>The manufacturer of water drainage systems and pipes reported adjusted earnings per share of $1.70 for the quarter, missing analysts' expectations of $1.90 per share. While revenue was up slightly from the prior year at $782.61 million, it missed estimates of $822.35 million.</p>\n\n<p>Additionally, the company lowered its full-year revenue guidance for fiscal 2025 to a range of $2.9 billion to $2.975 billion, below the previous consensus estimate of $2.99 billion. 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(NYSE: WMS) shares plunged in pre-market trading on Wednesday, following the company's disappointing second-quarter fiscal 2025 earnings results and lowered full-year guidance.</p>\n\n<p>The manufacturer of water drainage systems and pipes reported adjusted earnings per share of $1.70 for the quarter, missing analysts' expectations of $1.90 per share. While revenue was up slightly from the prior year at $782.61 million, it missed estimates of $822.35 million.</p>\n\n<p>Additionally, the company lowered its full-year revenue guidance for fiscal 2025 to a range of $2.9 billion to $2.975 billion, below the previous consensus estimate of $2.99 billion. Management cited ongoing macroeconomic challenges and uncertainty for the revised outlook.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WMS","symbol_name":"Advanced Drainage","start_time":0,"source_url":"","article_id":"1178338824","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1178338824","pubTimestamp":1731068303,"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":"Advanced Drainage Systems Inc.  shares plunged in pre-market trading on Wednesday, following the company's disappointing second-quarter fiscal 2025 earnings results and lowered full-year guidance.The manufacturer of water drainage systems and pipes reported adjusted earnings per share of $1.70 for the quarter, missing analysts' expectations of $1.90 per share. 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