WINCHESTER, Va. (AP) _ Trex Co. (TREX) on Monday reported third-quarter net income of $42 million.
The Winchester, Virginia-based company said it had net income of 72 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The maker of fencing and decking products posted revenue of $194.6 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $207.6 million.
For the current quarter ending in December, Trex said it expects revenue in the range of $160 million.
Trex shares have increased 55% since the beginning of the year. In the final minutes of trading on Monday, shares hit $92.01, an increase of 53% in the last 12 months.