Eagle Materials: Fiscal Q1 Earnings Snapshot
DALLAS (AP) — DALLAS (AP) — Eagle Materials Inc. (EXP) on Thursday reported fiscal first-quarter net income of $120.8 million.
The Dallas-based company said it had net income of $3.40 per share. Earnings, adjusted for non-recurring costs, were $3.55 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.54 per share.
The maker of gypsum wallboard and cement posted revenue of $601.5 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $605.2 million.
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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 EXP at https://www.zacks.com/ap/EXP
