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Builders FirstSource Q1 Loss Narrows

Builders FirstSource Inc. (BLDR) Thursday said its first-quarter loss narrowed from last year, despite a 35 percent revenue growth.

First-quarter loss narrowed to $19.1 million or $0.20 per share from $21.1 million or $0.22 per share in the year-earlier period.

Adjusted net loss from continuing operations was $10 million or $0.11 per share, compared to $12.5 million or $0.13 per share last year. On average, three analysts polled by Thomson Reuters expected the company to lose $0.14 per share in the first quarter. Analysts' estimates typically exclude special items.

Net revenue totaled $219.4 million, up 34.7 percent from $162.8 million last year. Analysts expected revenues of $190.67 million.

by RTT Staff Writer

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