DALLAS (AP) — DALLAS (AP) — Eagle Materials Inc. (EXP) on Tuesday reported fiscal fourth-quarter profit of $66.5 million.
The Dallas-based company said it had net income of $2 per share. Earnings, adjusted for one-time gains and costs, were $2.08 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.
The maker of gypsum wallboard and cement posted revenue of $470.2 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $477.8 million.
For the year, the company reported profit of $463.4 million, or $13.77 per share. Revenue was reported as $2.26 billion.
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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 EXP at https://www.zacks.com/ap/EXP
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