HERNDON, Va. (AP) _ Continental Building Products Inc. (CBPX) on Thursday reported second-quarter net income of $12.8 million.
On a per-share basis, the Herndon, Virginia-based company said it had net income of 37 cents. Earnings, adjusted for asset impairment costs, came to 43 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The wallboard maker posted revenue of $124.2 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $129.6 million.
Continental shares have decreased nearly 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.99, a decrease of 24% in the last 12 months.