IRVING, Texas (AP) — IRVING, Texas (AP) — Builders FirstSource Inc. (BLDR) on Thursday reported second-quarter profit of $185 million.
On a per-share basis, the Irving, Texas-based company said it had net income of $1.66. Earnings, adjusted for one-time gains and costs, came to $2.38 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.35 per share.
The construction supply company posted revenue of $4.23 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $4.24 billion.
Builders FirstSource expects full-year revenue in the range of $14.8 billion to $15.6 billion.
Builders FirstSource shares have dropped 12% since the beginning of the year. The stock has decreased 25% 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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