Company reports fourth-quarter loss and lower sales
- JELD-WEN shares drop after weak 4Q results
- Stock down 7.5% in early trading
- Company swung to a fourth-quarter loss
- Sales fell 13% to $1.02 billion
- Adjusted earnings were 37 cents a share
Shares of JELD-WEN declined after the company swung to a fourth-quarter loss as sales fell further than analysts had been expecting. The stock was down 7.5% at $17.79 in early trading. The doormaker posted a fourth-quarter loss of $34.8 million, or 41 cents a share, compared with a profit of $33.6 million, or 40 cents a share, in the same quarter a year ago. Sales fell 13% to $1.02 billion, missing analyst forecasts for $1.04 billion, according to FactSet. Stripping out one-time items, adjusted earnings were 37 cents a share.
Factuality Level: 8
Factuality Justification: The article provides factual information about JELD-WEN’s financial performance in the fourth quarter, including details about the company’s loss, sales figures, and analyst expectations. The information is presented in a straightforward manner without digressions or sensationalism.
Noise Level: 3
Noise Justification: The article provides relevant information about JELD-WEN’s financial performance, including details about the fourth-quarter loss, sales figures, and analyst expectations. It stays on topic and supports its claims with data and examples. However, it lacks in-depth analysis, accountability, and actionable insights, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: Shares of JELD-WEN
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of JELD-WEN, a company in the doormaking industry. It discusses the decline in the company’s stock and its fourth-quarter loss. There is no mention of any extreme event or its impact.
Public Companies: JELD-WEN (JELD)
Key People: Dean Seal (Author)
Reported publicly:
www.marketwatch.com 
