ROSWELL, Ga. (AP) _ SiteOne Landscape Supply, Inc. (SITE) on Wednesday reported second-quarter earnings of $123.5 million.
The Roswell, Georgia-based company said it had profit of $2.70 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.
The company posted revenue of $1.08 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.02 billion.
SiteOne Landscape shares have increased 8% since the beginning of the year. The stock has risen 30% 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 SITE at https://www.zacks.com/ap/SITE
Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News