Simpson Manufacturing Stock Down on Q3 Earnings Lag, '24 View Cut
Simpson(SSD) ZACKS·2024-10-22 23:25
Simpson Manufacturing Co., Inc. (SSD) reported dismal third-quarter 2024 results, with earnings missing the Zacks Consensus Estimate and declining on a year-over-year basis.Following the announcement, the company’s shares lost 4.5% in the after-hours trading session yesterday. Investor sentiment was negatively impacted by SSD’s decision to lower its 2024 guidance, which reflects current expectations that U.S. housing starts will be down from the prior year.Stay up-to-date with all quarterly releases: See Za ...