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Builders FirstSource: 3Q Earnings Snapshot

DALLAS (AP) _ Builders FirstSource Inc. (BLDR) on Thursday reported third-quarter earnings of $78.1 million.

The Dallas-based company said it had net income of 67 cents per share. Earnings, adjusted for non-recurring costs, were 72 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.

The construction supply company posted revenue of $1.98 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.86 billion.

Builders FirstSource shares have more than doubled since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.61, a rise of 83% 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