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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.

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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 PATK at https://www.zacks.com/ap/PATK