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Builders FirstSource: 3Q Earnings Snapshot

·1 min read

DALLAS (AP) _ Builders FirstSource Inc. (BLDR) on Thursday reported third-quarter profit of $85.9 million.

On a per-share basis, the Dallas-based company said it had net income of 73 cents. Earnings, adjusted for costs related to mergers and acquisitions, came to 82 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The construction supply company posted revenue of $2.3 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $2.32 billion.

Builders FirstSource shares have increased 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $30.01, a rise of 31% 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 BLDR at https://www.zacks.com/ap/BLDR