Why American Woodmark Stock Crashed 11% on Tuesday

American Woodmark (NASDAQ: AMWD) stock sold off hard on Tuesday morning, falling 11% through 12:30 p.m. ET after reporting a big earnings miss.Ahead of the fiscal first-quarter 2025 report the company delivered before the opening bell, analysts had forecast the Virginia cabinetmaker would earn $2.40 per share on sales of $476.6 million. Instead, American Woodmark reported a profit of $1.89 per share and sales of $459.1 million. Not all the news was bad. CEO Scott Culbreth blamed weak demand among home remodelers for the company's 8% year-over-year decline in sales, noting that sales to homebuilders actually grew in the quarter. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool