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Armstrong World Industries: 2Q Earnings Snapshot

July 31, 2018

LANCASTER, Pa. (AP) _ Armstrong World Industries Inc. (AWI) on Tuesday reported second-quarter earnings of $47.3 million.

On a per-share basis, the Lancaster, Pennsylvania-based company said it had profit of 89 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.01 per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The ceiling and wall systems manufacturer posted revenue of $248.6 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $246 million.

Armstrong World Industries shares have increased 11 percent since the beginning of the year. The stock has increased 51 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AWI at https://www.zacks.com/ap/AWI

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