(RTTNews) – Beacon Roofing Supply Inc. (BECN) revealed a profit for second quarter that decreased from last year in line with the Street estimates.
The company’s bottom line came in at $128.3 million, or $1.97 per share. This compares with $147.6 million, or $2.12 per share, in last year’s second quarter.
Excluding items, Beacon Roofing Supply Inc. reported adjusted earnings of $172.9 million for the period.
Analysts on average had expected the company to earn $2.27 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 5.9% to $2.50 billion from $2.36 billion last year.
Beacon Roofing Supply Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $128.3 Mln. vs. $147.6 Mln. last year.
-EPS (Q2): $1.97 vs. $2.12 last year.
-Analyst Estimates: $2.27
-Revenue (Q2): $2.50 Bln vs. $2.36 Bln last year.
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https://www.nasdaq.com/articles/beacon-roofing-supply-inc.-q2-earnings-summary-0
