Summit Materials: Q1 Earnings Snapshot

Associated Press Finance
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DENVER (AP) — DENVER (AP) — Summit Materials Inc. (SUM) on Wednesday reported a loss of $30.8 million in its first quarter.

The Denver-based company said it had a loss of 26 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.

The construction materials producer posted revenue of $435.4 million in the period. Its adjusted revenue was $407.3 million, which also beat Street forecasts. Six analysts surveyed by Zacks expected $404.7 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 SUM at https://www.zacks.com/ap/SUM

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