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Eagle Materials: Fiscal 1Q Earnings Snapshot

Associated Press
Updated

DALLAS (AP) _ Eagle Materials Inc. (EXP) on Tuesday reported fiscal first-quarter net income of $41.3 million.

On a per-share basis, the Dallas-based company said it had profit of 94 cents. Earnings, adjusted for non-recurring costs, came to $1.13 per share.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The maker of gypsum wallboard and cement posted revenue of $370.6 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $372.7 million.

Eagle Materials shares have increased 48% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $90.27, a fall of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXP at https://www.zacks.com/ap/EXP