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Continental: 4Q Earnings Snapshot

HERNDON, Va. (AP) _ Continental Building Products Inc. (CBPX) on Thursday reported fourth-quarter profit of $20.1 million.

The Herndon, Virginia-based company said it had profit of 55 cents per share. Earnings, adjusted for non-recurring costs, were 56 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The wallboard maker posted revenue of $140.8 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $138.1 million.

For the year, the company reported profit of $74.2 million, or $2.01 per share. Revenue was reported as $528.1 million.

Continental shares have risen nearly 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.47, a climb of almost 2 percent 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 CBPX at https://www.zacks.com/ap/CBPX