Tuesday, Armstrong World Industries, Inc. (AWI)reported third-quarter income from continuing operations of $64.4 million or $1.12 per share, compared to $39.1 million or $0.68 per share in the third quarter of 2008.
On average, six analysts polled by Thomson Reuters estimated earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Third quarter net sales decreased 19% to $753.0 million from $929.6 million last year. Analysts expected revenue of $732.32 million for the quarter.
Company reaffirmed 2009 sales outlook to be between $2.75 billion and $2.8 billion. Analysts currently expect $2.72 billion. The company expects 2009 adjusted EPS to range between $1.34 to $1.41 per share, compared to $2.37 per share in 2008. Analysts presently estimate earnings of $1.12 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.