Latest News by Industry
DALLAS (AP) — DALLAS (AP) — Builders FirstSource Inc. (BLDR) on Wednesday reported first-quarter earnings of $333.8 million.
On a per-share basis, the Dallas-based company said it had net income of $2.41. Earnings, adjusted for non-recurring costs, came to $2.96 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The construction supply company posted revenue of $3.88 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $3.59 billion.
Builders FirstSource shares have risen 47% since the beginning of the year. The stock has increased 50% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BLDR">Zacks stock report on BLDR at https://www.zacks.com/ap/BLDR