Wabash National jumps on upbeat profit outlook

Wabash National

26/10/2022 15:24

** Trailer maker Wabash National Corp's shares  WNC.N  up
6.7% at an over 2-month high of $17.94
    ** Co raises FY22 EPS guidance to $2.15 from $1.90, helped
by strong trailer demand 
    ** WNC maintains FY22 revenue guidance, which is expected to
beat analyst estimates on Refinitiv
    ** “Demand conditions remain strong as evidenced by our
order book, which set a third-quarter record at $2.3 billion and
implies $1.7 billion of orders in 2023," said CEO Brent Yeagy
    ** Co reported Q3 sales of $655.2 mln and earnings of 73
cents per share, beating Street estimates
    ** Stock had fallen 7.7% YTD, compared with a 4.8% decline
in the S&P 600 construction machinery and heavy trucks sub index
 .SPSMCMCHD 
 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))