BMC: 2Q Earnings Snapshot
Posted August 3, 2020 6:14 pm.
Last Updated August 3, 2020 6:24 pm.
This article is more than 5 years old.
RALEIGH, N.C. (AP) _ BMC Stock Holdings Inc. (BMCH) on Monday reported second-quarter net income of $43.6 million.
The Raleigh, North Carolina-based company said it had profit of 65 cents per share. Earnings, adjusted for one-time gains and costs, came to 73 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The building materials company posted revenue of $979.9 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $920 million.
BMC shares have fallen 1% since the beginning of the year. In the final minutes of trading on Monday, shares hit $28.37, a climb of 33% 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 BMCH at https://www.zacks.com/ap/BMCH
The Associated Press
