logo
Share SHARE
FONT-SIZE Plus   Neg

Builders FirstSource Q1 Loss Narrows

Builders FirstSource Inc. (BLDR: Quote) 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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Wang Jianlin, chairman of Dalian Wanda Group is now Asia's richest man, with a fortune of $38.1 billion. Jianlin, who holds U.S. theater chain AMC Entertainment, has also been ranked 11th richest in the world. Diversified media and entertainment conglomerate Walt Disney Co. reported Tuesday a profit for the second quarter that grew 10 percent from last year, helped by strong performance at cable networks, parks and resorts as well as sales of Frozen merch. Both adjusted earnings per share and quarterly revenues topped analysts' expectations. Panera has banned more than 150 artificial ingredients from its food, and will remove all traces of the ingredients from its menu by 2016, the company confirmed Tuesday. Customers want a healthier menu, according to CEO Ron Shaich, who spoke with numerous media outlets about the changes. "We are...
comments powered by Disqus
RELATED NEWS
Trade BLDR now with 
Follow RTT