Simpson Manufacturing Earnings: Here’s Why the Stock is Falling Now
Simpson Manufacturing Co., Inc. (NYSE:SSD) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.44%.
Simpson Manufacturing Co., Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 33.33% to $0.1 in the quarter versus EPS of $0.15 in the year-earlier quarter.
Revenue: Decreased 2.64% to $154.54 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Simpson Manufacturing Co., Inc. reported adjusted EPS income of $0.1 per share. By that measure, the company missed the mean analyst estimate of $0.18. It missed the average revenue estimate of $168.45 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…