IRVING, Texas (AP) — IRVING, Texas (AP) — Builders FirstSource Inc. (BLDR) on Thursday reported fourth-quarter net income of $190.2 million.
The Irving, Texas-based company said it had net income of $1.65 per share. Earnings, adjusted for one-time gains and costs, came to $2.31 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.24 per share.
The construction supply company posted revenue of $3.82 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $3.91 billion.
For the year, the company reported profit of $1.08 billion, or $9.06 per share. Revenue was reported as $16.4 billion.
Builders FirstSource expects full-year revenue in the range of $16.5 billion to $17.5 billion.
Builders FirstSource shares have increased slightly more than 1% since the beginning of the year. The stock has fallen 21% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLDR at https://www.zacks.com/ap/BLDR
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