DALLAS (AP) _ Builders FirstSource Inc. (BLDR) on Thursday reported first-quarter earnings of $8.8 million.
The Dallas-based company said it had profit of 7 cents per share. Earnings, adjusted to extinguish debt and for costs related to mergers and acquisitions, came to 34 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The construction supply company posted revenue of $1.79 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.76 billion.
Builders FirstSource shares have dropped 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.35, a climb of 30% in the last 12 months.