U.S. Concrete: 2Q Earnings Snapshot
EULESS, Texas (AP) _ U.S. Concrete Inc. (USCR) on Friday reported second-quarter net income of $700,000.
On a per-share basis, the Euless, Texas-based company said it had net income of 4 cents. Earnings, adjusted for one-time gains and costs, came to 23 cents per share.
The concrete and aggregates producer posted revenue of $367.5 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $416 million.
U.S. Concrete expects full-year revenue in the range of $1.5 billion to $1.58 billion.
U.S. Concrete shares have risen 27% since the beginning of the year. The stock has dropped 14% in the last 12 months.