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COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Installed Building Products Inc. (IBP) on Wednesday reported third-quarter net income of $68 million.
The Columbus, Ohio-based company said it had profit of $2.40 per share. Earnings, adjusted for one-time gains and costs, came to $2.79 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share.
The residential insulation installer posted revenue of $706.5 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $718.2 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 IBP at https://www.zacks.com/ap/IBP