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68.10
0.09%
-0.06
Why is Greenbrier Cos Inc (GBX) Stock down?
We've noticed a 8.22% decline in Greenbrier Cos Inc (GBX) stock during the 2024-08-02 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
25 Oct, 2023:
Shares of Greenbrier Companies (GBX) dropped by 17.87% from $40.86 to $33.56 in the trading on Wednesday, October 25, 2023. The reason why GBX stock down is due to lower-than-expected third-quarter results:
- Earnings: Greenbrier reported quarterly earnings of $0.92 per share, missing the Zacks Consensus Estimate of $1.01 per share. This was in comparison to earnings of $0.60 per share in the same period the previous year, with these figures adjusted for non-recurring items. This quarterly earnings miss amounted to -8.91%.
- Revenue: Greenbrier reported $1.02 billion for the quarter ending in August 2023, falling short of the Zacks Consensus Estimate by 1.02%. This was in comparison to revenues of $950.7 million in the same period the previous year.
0.61%
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