Housing doesn't lift Beacon

Investor's Business Daily

Beacon Roofing Supply (BECN) reported adjusted Q1 EPS of 37 cents, down 5% and 4 cents shy of views. Revenue climbed 5% to $513.71 mil, also missing. It has an IBD Composite Rating of 90, an EPS Rating of 85 and a Relative Strength Rating of 92. Building materials maker Louisiana-Pacific (LPX) swung to an 18-cents-per-share profit, from 33 cents a year ago. But it was 3 cents short of analysts' estimates. Revenue climbed 47% to $458.7 mil, beating. It has an IBD Composite Rating of 92. Beacon shares rose 0.8% to 37.16. Louisiana-Pacific fell 0.2% to 20.45.

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