Advertisement
Canada markets closed

  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CAD/USD

    0.7308
    -0.0006 (-0.08%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • Bitcoin CAD

    87,062.82
    +2,515.73 (+2.98%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     

  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     

  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     

  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     

  • FTSE

    8,213.49
    +41.34 (+0.51%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Why WestRock Stock Got Rocked for a 14% Loss Today

Rich Smith, The Motley Fool
·3 min read
Why WestRock Stock Got Rocked for a 14% Loss Today

Shares of cardboard box maker WestRock Company (NYSE: WRK), you see, tumbled 14% through 10:30 a.m. ET Wednesday after the company reported an earnings miss and withdrew its guidance for the rest of the year. Instead of the $0.60-per-share adjusted profit and $5.1 billion in sales that Wall Street expected, this morning, WestRock admitted that its fiscal Q1 2023 earnings were only $0.55 per share and its sales $4.9 billion. As I mentioned, even the $0.55 that WestRock did earn last quarter were of the adjusted (i.e., non-GAAP, pro forma) variety.

Continue reading