U.S. Markets close in 4 hrs 29 mins

Core-Mark: 2Q Earnings Snapshot

SOUTH SAN FRANCISCO, Calif. (AP) _ Core-Mark Holding Co. (CORE) on Tuesday reported second-quarter net income of $11 million.

The South San Francisco, California-based company said it had profit of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 35 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The wholesale consumer products distributor posted revenue of $4.23 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $4.14 billion.

Core-Mark expects full-year earnings in the range of $1.13 to $1.29 per share, with revenue in the range of $16.6 billion to $16.8 billion.

Core-Mark shares have decreased 20 percent since the beginning of the year. The stock has decreased 30 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 CORE at https://www.zacks.com/ap/CORE