BMC: 2Q Earnings Snapshot
RALEIGH, N.C. (AP) _ BMC Stock Holdings Inc. (BMCH) on Tuesday reported second-quarter earnings of $35.7 million.
The Raleigh, North Carolina-based company said it had net income of 53 cents per share. Earnings, adjusted for one-time gains and costs, came to 59 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.
The building materials company posted revenue of $946.4 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $939.2 million.
BMC shares have climbed 42% since the beginning of the year. The stock has fallen slightly more than 1% in the last 12 months.