American Woodmark Reports Wider-Than-Expected Q1 Loss

American Woodmark Corp AMWD reported a wider-than-expected first-quarter loss. American Woodmark posted a quarterly loss of $2.7 million, or $0.19 per share, versus a loss of $3.41 million, or $0.24 per share, in the year-ago period. Its revenue climbed 20% to $131.2 million. Its sales and marketing costs surged 13%. However, analysts were expecting a loss of $0.17 per share on revenue of $116.2 million. American Woodmark shares gained 1.17% to close at $13.84 yesterday.