Shares of Trex (NYSE:TREX)maker of composite decking, fencing and related materials, slumped Wednesday after the company fell well short of estimates in the third quarter and gave disappointing guidance in the fourth quarter.
Trex's difficulties reflect broader challenges in the real estate market, but it's clear that investors expected more.
As of 11:51 a.m. ET, the stock fell 27.4% on the news.
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Source Fool.com