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
PayPal, the online payment unit of Ebay, said it has agreed to buy mobile payment company Paydiant as part of efforts to expand its mobile offerings for merchants. The deal comes at a time when the mobile payment space is suffused with prominent players like Apple and Google, with retailers seeking their own mobile payment applications. Google plans to launch a limited-scale U.S. wireless service, which while not taking on the big players in the industry, would nonetheless incorporate technical innovations that could be absorbed the carriers. This was announced by Sundar Pichai, a top Google executive, at the ongoing World Mobile Congress in Barcelona. Consumers used to steep discount on gas are seeing an increase in the price of the fuel in the past few weeks, accentuated by a surge in California, with refinery maintenance and unexpected events acting as catalysts. The price increase comes amid a globally volatile scenario where supply continues to exceed demand, and U.S. energy companies rethink their exploration and production strategy.
comments powered by Disqus
Follow RTT