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Continental tops Street 4Q forecasts

HERNDON, Va. (AP) _ Continental Building Products Inc. (CBPX) on Thursday reported fourth-quarter net income of $12.6 million.

On a per-share basis, the Herndon, Virginia-based company said it had net income of 31 cents.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The wallboard maker posted revenue of $118.2 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $117.6 million.

For the year, the company reported profit of $44 million, or $1.08 per share. Revenue was reported as $461.4 million.

Continental shares have risen nearly 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.75, a rise of 49 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


Keywords: Continental Building Products, Earnings Report