Delivery alert

There may be an issue with the delivery of your newspaper. This alert will expire at NaN. Click here for more info.

Recover password

Builders FirstSource: 2Q Earnings Snapshot

DALLAS — Builders FirstSource Inc. (BLDR) on Thursday reported second-quarter earnings of $78.9 million.

On a per-share basis, the Dallas-based company said it had net income of 67 cents.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The construction supply company posted revenue of $1.95 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.81 billion.

Builders FirstSource shares have fallen roughly 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.43, a rise of 35% in the last 12 months.

_____

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

AlertMe
TOP |