WINCHESTER, Va. (AP) — WINCHESTER, Va. (AP) — Trex Co. (TREX) on Tuesday reported fourth-quarter earnings of $2.3 million.
The Winchester, Virginia-based company said it had profit of 2 cents per share. Earnings, adjusted for non-recurring costs, were 4 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The maker of fencing and decking products posted revenue of $161.1 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $143.4 million.
Trex expects full-year revenue in the range of $1.19 billion to $1.23 billion.
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