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Builders FirstSource: 2Q Earnings Snapshot

DALLAS (AP) _ Builders FirstSource Inc. (BLDR) on Thursday reported second-quarter earnings of $66.6 million.

The Dallas-based company said it had net income of 57 cents per share. Earnings, adjusted for non-recurring costs, came to 63 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The construction supply company posted revenue of $1.9 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.91 billion.

Builders FirstSource shares have increased 54% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.80, a drop of nearly 5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLDR at https://www.zacks.com/ap/BLDR