Builders FirstSource Q2 Adj $3.89 Beats $2.69 Estimate, Sales $4.53B Beat $4.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
Builders FirstSource reported Q2 earnings of $3.89 per share, beating the analyst consensus estimate of $2.69 by 44.61%. However, this is a 37.86% decrease from the same period last year. The company also reported quarterly sales of $4.53 billion, beating the analyst consensus estimate of $4.25 billion by 6.56%, but this is a 34.61% decrease from the same period last year.
August 04, 2023 | 10:56 am
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Builders FirstSource's Q2 earnings and sales beat estimates but are down from the same period last year. This mixed result could lead to uncertain market reactions.
While Builders FirstSource beat estimates for Q2, the decrease in earnings and sales compared to the same period last year could lead to mixed market reactions. Investors may be pleased with the beat but concerned about the YoY decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100