Horizon Global Corporation (NYSE:HZN) is reporting third quarter financial results on Thursday 5th November 2020, before market open.
Previous Quarter Performance
Horizon Global Corporation unwinded loss for the second quarter of $ 0.64 per share, from the revenue of $ 120.49 million. The quarterly revenues reduced 46.01 percent compared with the same quarter last year. Street analysts expected $ 209.05 million. The top line results fell short of analysts by $ 88.56 million or 42.36 percent.
Stock Performance
Shares of Horizon Global Corporation traded up $ 0.12 or 2.01 percent on Wednesday, reaching $ 6.09 with volume of 17.60 thousand shares. Horizon Global Corporation has traded high as $ 6.14 and has cracked $ 5.93 on the downward trend
The closing price of $ 6.09, representing a 397.50 % increase from the 52 week low of $ 1.20 and a 14.1 % decrease over the 52 week high of $ 6.95.
The company has a market capital of $ 157.07 million and is part of the Consumer Cyclical sector and Auto Parts industry.
Conference Call
Horizon Global Corporation will be hosting a conference call at 8:30 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.horizonglobal.com
Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products worldwide. It operates in three segments: Horizon Americas, Horizon Asia-Pacific, and Horizon Europe-Africa. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, tow bars, security products, and other towing accessories for attaching a trailer, camper, etc.
