Eagle Materials Inc. (EXP) released earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $66.48 million, or $2.00 per share. This compares with $77.10 million, or $2.24 per share, last year.
Excluding items, Eagle Materials Inc. reported adjusted earnings of $69.24 million or $2.08 per share for the period.
Analysts on average had expected the company to earn $2.43 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.4% to $470.18 million from $476.71 million last year.
Eagle Materials Inc. earnings at a glance (GAAP) :
-Earnings: $66.48 Mln. vs. $77.10 Mln. last year.
-EPS: $2.00 vs. $2.24 last year.
-Revenue: $470.18 Mln vs. $476.71 Mln last year.
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