Reported about 9 hours ago
Wabash reported weaker-than-expected first-quarter earnings, leading to a significant drop in its stock price. The company's share value fell 25.85% to $7.39 after disclosing a loss in gross profit and a revised revenue forecast for the year. Factors such as a decline in trailer shipments and uncertainty in the market contributed to its struggles, although a positive adjustment related to a legal verdict provided a temporary boost to net income.
Source: YAHOO