Armstrong World Industries: Q2 Earnings Snapshot
LANCASTER, Pa. (AP) — LANCASTER, Pa. (AP) — Armstrong World Industries Inc. (AWI) on Tuesday reported second-quarter profit of $60.2 million.
The Lancaster, Pennsylvania-based company said it had profit of $1.34 per share. Earnings, adjusted for non-recurring costs, were $1.38 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The ceiling and wall systems manufacturer posted revenue of $325.4 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $338.5 million.
Armstrong World Industries expects full-year earnings in the range of $4.85 to $5.05 per share, with revenue in the range of $1.26 billion to $1.31 billion.
Armstrong World Industries shares have risen 11% since the beginning of the year. The stock has fallen 9.5% 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
