DALLAS (AP) — DALLAS (AP) — Builders FirstSource Inc. (BLDR) on Wednesday reported second-quarter profit of $404.6 million.
The Dallas-based company said it had profit of $3.16 per share. Earnings, adjusted for non-recurring costs, were $3.89 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.69 per share.
The construction supply company posted revenue of $4.53 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $4.25 billion.
Builders FirstSource expects full-year revenue in the range of $16.8 billion to $17.8 billion.
Builders FirstSource shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.
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, source Associated Press News