DAYTONA BEACH, Fla. (AP) — DAYTONA BEACH, Fla. (AP) — TopBuild Corp. (BLD) on Tuesday reported second-quarter profit of $151.6 million.
On a per-share basis, the Daytona Beach, Florida-based company said it had profit of $5.32. Earnings, adjusted for non-recurring gains, came to $5.31 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $5.07 per share.
The insulation products company posted revenue of $1.3 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.29 billion.
TopBuild expects full-year revenue in the range of $5.15 billion to $5.35 billion.
TopBuild shares have increased 24% since the beginning of the year. The stock has declined 11% 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 BLD at https://www.zacks.com/ap/BLD
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