DAYTONA BEACH, Fla. (AP) _ TopBuild Corp. (BLD) on Tuesday reported second-quarter profit of $143.7 million.
The Daytona Beach, Florida-based company said it had profit of $4.41 per share. Earnings, adjusted for non-recurring costs, came to $4.43 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.77 per share.
The insulation products company posted revenue of $1.27 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.19 billion.
TopBuild expects full-year revenue in the range of $4.8 billion to $4.9 billion.
TopBuild shares have decreased 21% since the beginning of the year. The stock has risen 7% 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 BLD at https://www.zacks.com/ap/BLD
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