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Patrick Industries: 3Q Earnings Snapshot

ELKHART, Ind. (AP) _ Patrick Industries Inc. (PATK) on Thursday reported third-quarter earnings of $27.9 million.

The Elkhart, Indiana-based company said it had net income of $1.15 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The building products manufacturer posted revenue of $575.1 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $565.2 million.

Patrick Industries shares have decreased 34 percent since the beginning of the year. The stock has dropped 19 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 PATK at https://www.zacks.com/ap/PATK