Builders FirstSource: 2Q Earnings Snapshot
DALLAS (AP) _ Builders FirstSource Inc. (BLDR) on Tuesday reported second-quarter earnings of $56.6 million.
The Dallas-based company said it had net income of 49 cents per share. Earnings, adjusted for non-recurring costs, came to 54 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The construction supply company posted revenue of $2.09 billion in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $2.06 billion.
Builders FirstSource shares have decreased 18 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.83, an increase of nearly 7 percent in the last 12 months.