Trueblue Inc (TBI)

TrueBlue, Inc. Stock (TBI) dropped by 21.67% from $13.66 to $10.70 in the trading on Tuesday October 24, 2023. The reason why TBI stock down today is due to its week Q3 2023 earnings. TrueBlue delivered results in Q3 2023, but the company witnessed decrease in the quarterly revenue amidst challenging operating environment, seemed to weigh on the stock as did the broader market sell-off, causing TBI stock down today.

• Q3 2023 revenue of $473 million, a decrease of 18% compared to Q3 2022.
• Net loss per diluted share was $0.00 compared to net income per diluted share of $0.63 in Q3 2022.
• Adjusted net income per diluted share was $0.16 compared to $0.74 in Q3 2022.