Greenbrier Cos Inc (GBX)

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.