IRVING, Texas (AP) — IRVING, Texas (AP) — Builders FirstSource Inc. (BLDR) on Wednesday reported third-quarter net income of $451.5 million.
On a per-share basis, the Irving, Texas-based company said it had net income of $3.59. Earnings, adjusted for one-time gains and costs, came to $4.24 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.05 per share.
The construction supply company posted revenue of $4.53 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $4.87 billion.
Builders FirstSource expects full-year revenue in the range of $16.8 billion to $17.1 billion.
Builders FirstSource shares have increased 67% since the beginning of the year. The stock has increased 76% 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 BLDR at https://www.zacks.com/ap/BLDR