IRVING, Texas (AP) — IRVING, Texas (AP) — Builders FirstSource Inc. (BLDR) on Thursday reported a second-quarter loss of $3.9 million, after reporting a profit in the same period a year earlier.
The Irving, Texas-based company said it had a loss of 4 cents per share. Earnings, adjusted for non-recurring costs, came to $1.17 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The construction supply company posted revenue of $3.86 billion in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $3.91 billion.
Builders FirstSource expects full-year revenue in the range of $14 billion to $14.8 billion.
Builders FirstSource shares have decreased 34% since the beginning of the year. The stock has decreased 49% in the last 12 months.
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