LANCASTER, Pa. (AP) — LANCASTER, Pa. (AP) — Armstrong World Industries Inc. (AWI) on Tuesday reported second-quarter earnings of $87.8 million.
On a per-share basis, the Lancaster, Pennsylvania-based company said it had net income of $2.01. Earnings, adjusted for non-recurring costs, were $2.09 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The ceiling and wall systems manufacturer posted revenue of $424.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $403.7 million.
Armstrong World Industries expects full-year earnings in the range of $7.15 to $7.30 per share, with revenue in the range of $1.6 billion to $1.63 billion.
Armstrong World Industries shares have increased 19% since the beginning of the year. The stock has risen 29% in the last 12 months.
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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 AWI at https://www.zacks.com/ap/AWI
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