BMC: 2Q Earnings Snapshot
ATLANTA (AP) _ BMC Stock Holdings Inc. (BMCH) on Monday reported second-quarter net income of $40.4 million.
The Atlanta-based company said it had profit of 60 cents per share. Earnings, adjusted for non-recurring costs, came to 64 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The building materials company posted revenue of $998.5 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $978.9 million.
BMC shares have fallen 20 percent since the beginning of the year. The stock has declined 8 percent in the last 12 months.