Ferguson Enterprises Inc. (FERG) revealed a profit for second quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $276 million, or $1.38 per share. This compares with $322 million, or $1.58 per share, last year.
Excluding items, Ferguson Enterprises Inc. reported adjusted earnings of $304 million or $1.52 per share for the period.
Analysts on average had expected the company to earn $1.6 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.0% to $6.872 billion from $6.673 billion last year.
Ferguson Enterprises Inc. earnings at a glance (GAAP) :
-Earnings: $276 Mln. vs. $322 Mln. last year.
-EPS: $1.38 vs. $1.58 last year.
-Revenue: $6.872 Bln vs. $6.673 Bln last year.
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