IRVING, Texas (AP) — IRVING, Texas (AP) — Builders FirstSource Inc. (BLDR) on Thursday reported first-quarter earnings of $96.3 million.
The Irving, Texas-based company said it had net income of 84 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.51 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The construction supply company posted revenue of $3.66 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $3.69 billion.
Builders FirstSource expects full-year revenue in the range of $16.05 billion to $17.05 billion.
Builders FirstSource shares have fallen 16% since the beginning of the year. The stock has dropped 35% in the last 12 months.
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