25.01.2024 13:04:53
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Eagle Materials Q3 Profit Climbs, Beats View
(RTTNews) - Eagle Materials Inc. (EXP), a building material company, Thursday reported higher earnings and revenue for the third quarter. Earnings results beat the analysts' estimates.
Quarterly earnings increased 10 percent to $129.13 million or $3.72 per share from $117.18 million or $3.20 per share last year.
The company said that the Heavy Materials operating earnings jumped 43 percent to $107.3 million, primarily on higher cement net sales prices and sales volume.
On average, ten analysts polled by Thomson Reuters had expected earnings of $3.55 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue rose 9 percent to $558.83 million from $511.48 million in the previous year.
The street view for revenue was $536.57 million.
In pre-market activity, Eagle Materials shares are trading at $210, up 1.24% on the New York Stock Exchange.
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Eagle Materials IncShs | 248,00 | -0,80% |