DAYTONA BEACH, Fla. (AP) — DAYTONA BEACH, Fla. (AP) — TopBuild Corp. (BLD) on Tuesday reported third-quarter earnings of $169 million.
On a per-share basis, the Daytona Beach, Florida-based company said it had net income of $5.65. Earnings, adjusted for non-recurring costs, came to $5.68 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.62 per share.
The insulation products company posted revenue of $1.37 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.4 billion.
TopBuild expects full-year revenue in the range of $5.3 billion to $5.35 billion.
TopBuild shares have decreased 3% since the beginning of the year. The stock has increased 42% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLD at https://www.zacks.com/ap/BLD
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.